M Percentage Weight Theo van Version Dubule Week 15 gust 12.2000 1 of 6 750 Daniel A. Hanna Student te your phone water where with others Question with an incorrect answer but supported with nation and remming may portal eredt but corect answered wilt records GOOD Grading Schemely ction: Section select the pe marishat Section har Section problem solving problem-10marks each Select all the statements with all the charme wile www. There is also a possibility of a dodatin e 5 points for every songs and comeswer 1 Speye mestom Simple way we VMT-10 morally cone who is reeded C value is since it's smulcording Deferred to ? What makes perpetuty different from my deste mense ha definite period of investment has an indefinite period of investmen Answer the fingerstylischen te compounded monthly 2. What is required for the The funds can be invested code Section 3: Problem Solving [10 marks each, 40 marks] 1. To save for Harman's post secondary education his family deposits $1500 at the beginning of every year into education fund earning interest at 3.15% compounded annually a. What will be the balance in the fund after 18 years? (4 marks] b. How much of the balance will be an interest? [2 marks) C. If the interest rate is increased to 4.65% compounded annually, how much more interest is earned? (4 marks) M Percentage Weight Theo van Version Dubule Week 15 gust 12.2000 1 of 6 750 Daniel A. Hanna Student te your phone water where with others Question with an incorrect answer but supported with nation and remming may portal eredt but corect answered wilt records GOOD Grading Schemely ction: Section select the pe marishat Section har Section problem solving problem-10marks each Select all the statements with all the charme wile www. There is also a possibility of a dodatin e 5 points for every songs and comeswer 1 Speye mestom Simple way we VMT-10 morally cone who is reeded C value is since it's smulcording Deferred to ? What makes perpetuty different from my deste mense ha definite period of investment has an indefinite period of investmen Answer the fingerstylischen te compounded monthly 2. What is required for the The funds can be invested code Section 3: Problem Solving [10 marks each, 40 marks] 1. To save for Harman's post secondary education his family deposits $1500 at the beginning of every year into education fund earning interest at 3.15% compounded annually a. What will be the balance in the fund after 18 years? (4 marks] b. How much of the balance will be an interest? [2 marks) C. If the interest rate is increased to 4.65% compounded annually, how much more interest is earned? (4 marks)