Question: pls type the answer. 10, 2020 at 4:35 PM Name: 40 MAP4C UNIT #6 ASSIGNMENT - Annuities Complete all questions using the formula unless stated

pls type the answer. pls type the answer. 10, 2020 at 4:35 PM Name: 40 MAP4C

10, 2020 at 4:35 PM Name: 40 MAP4C UNIT #6 ASSIGNMENT - Annuities Complete all questions using the formula unless stated to use the TVM Solver. Make sure to show your work and that all money answers are rounded to 2 decimal places. All of the formulas and the TVM Solver website used in this unit are included on the LAST PAGE. 1. Use the correct formula to calculate how much Jessica's parents will have in her RESP if they make payments of $1100 per month, for 3 years before she goes to college in Nova Scotia. Interest is earned at 4% per year, compounded monthly. Make sure to show your work for full marks! (4 marks] 2. Dillan has a car loan of $18 000 that he must pay off in 5 years. Interest on his car loan is 6.5% per year, compounded weekly. Use the correct formula to calculate the regular weekly payments that Dillan must make in order to pay off his loan. (Hint: There are 52 weeks in a year). (4 marks] 3. Mohit wants to go on a trip to Australia for his 40 birthday in 6 years. He decides to start making 4 equal payments each year (quarterly) in an investment account that earns 4.6% per year, compounded quarterly. He would like to have $5000 saved for the trip. a) Use the correct formula to calculate what Mohit's quarterly payment should be. Show your work for full marks! (4 marks) b) How much interest did Mohit earn on his investment? [2 marks]

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