Mr. Yang contributed $400 monthly into his R.R.S.P. from age 35 to age 55. The accumulated amount will be used to pay him a monthly pension from age 65 to 95, the first payment to be made one month after his 65th birthday. Find his monthly pension if the rate to be used is 9% c.m. from age 35 - 65, and 5% c.m. thereafter

The meyers sign a mortgage of $370,000 to be amortized over 25 years at 1.5% c.m., term 4 years, with equal monthly payments. 

Calculate the monthly payment and the balance after the first term.

The Mings sign a mortgage for $50,000 to be amortized over 20 years with a term of 5 years at 11% c.m. with equal monthly payments. On the date of the 19th payment, they make an additional payment of $25,000 subject to a penalty clause requiring a penalty of three times one month's interest on the prepaid principal. 

Find the balance at the end of the 5 year term?