Assignment#4 [5%] [20 Marks] [Q1] ---- [2 Marks] What principal will earn $59.99 interest at 7.75% p.a. from February 4, 2014, to July 17, 2014? [Q2] [3 Marks] What rate of interest is paid if the interest on a loan of $7300.00 is $692.71 from June 11, 2014, to April 2, 2015? [Q3] [4 Marks] For the following promissory note, determine the amount of interest due at maturity. $1195.00 Ottawa, Ontario January 29, 2012. Nine months after date we promise to pay to the order of Badger Lumber Company * * * * *EXACTLY* * * * * * * 1195.00* * * * * * *DOLLARS At Badger Lumber Company for value received with interest at 8.25% per annum. Due (Seal) (Seal) [Q4] [5 Marks] How much will a registered retirement savings deposit of $13 500.00 be worth in 11 years at 8.44% compounded quarterly? How much of the amount is interest? [Q6] [6 Marks] An investment of $4300.00 earns interest at 9.96% p.a. compounded monthly for four years. At that time the interest rate is changed to 9% compounded semi-annually. How much will the accumulated value be two and a half years after the change? im Abdalla |