Grade 11 Math- Sequences and Series

Please answer all questions as detailed and clear as possible.

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13. Connor decided to deposit $2000 each year into a registered retirement savings plan (RRSP). Assume that his RRSP guarantees an average return of 8% compounded annually. Connor starts saving at 18 years of age, how much money will he have at the age of 65? Show and EXPLAIN all steps to get full marks. MCR 3U: Night School 2022 OCDSB Day 24 14. Kyla purchases a road bike for $1875.47 and pays $750 cash. She finances the remaining balance at 6.7%/a compounded monthly over 4 years and makes monthly payments. How much interest will Kyla have to pay in total? Show and EXPLAIN all steps to get full marks. 15. Expand and simplify (2x + 5)