Ly Week 12: Unit 3 Quiz ~ Lyryx Learning Inc - Personal - Microsoft Edge - X https://lila1.lyryx.com/quiz-servlets/QuizServlet?ccid=4924 Al Question 1 [5 points] Cedric plans to contribute $300 at the start of every quarter year to an investment that earns 5.50% compounded semi-annually. If Cedric starts contributing on his 35th birthday, how much will he accumulate by his 60th birthday?Assume he doesn't make a contribution on his 60th birthday. For full marks your answer(s) should be rounded to the nearest cent. Future value = $ 0.00 Question 2 [5 points] For the past 29 years, Peter has contributed $560 to his RRSP at the end of every month. The plan earned 7% compounded quarterly for the first 14 years and 7.60% compounded monthly for the subsequent 15 years. What is the value of his RRSP today? For full marks your answer(s) should be rounded to the nearest cent. RRSP value = $ 0.00 Question 3 [5 points] Jason sold his car to Paul for $5,000.00 down and end-of-month payments of $201.40 for 412 years, including interest at 5% compounded monthly. What was the the selling price of the car? For full marks your answer(s) should be rounded to the nearest cent. Selling price = $ 0.00 Question 4 [5 points] If an investment can earn 4% compounded monthly, what minimum amount of money will sustain withdrawals of $150 at the beginning of every half year for 6 years, 6 months? For full marks your answer(s) should be rounded to the nearest cent. [99+ Search 4:21 PM 8/13/2023 2