Question: Business Math - Annuities Please answer correctly or I will dislike it! If $425,000 accumulated in an RRSP is used to purchase an annuity earning

Business Math - Annuities

Please answer correctly or I will dislike it!

Business Math - Annuities Please answer correctly or I will dislike it!If $425,000 accumulated in an RRSP is used to purchase an annuityearning 7.2% compounded monthly and paying $4,500 at the end of each

If $425,000 accumulated in an RRSP is used to purchase an annuity earning 7.2% compounded monthly and paying $4,500 at the end of each month, what will be the term of the annuity? (Do not round intermediate calculations and round up the final answer to the nearest month.) It will be months What monthly payment for 15 years will pay off a $62,000 loan at 9.4% compounded monthly? (Do not round intermediate calculations and round your final answer to 2 decimal places.) PMT If TFSA contributions of $11,900 at the end of every year are projected to generate a plan worth $2,900,000 in 35 years, what effective rate of return was assumed in the forecast? (Round your answer to 2 decimal places.) Effective rate of return %

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