Question: QUESTION 16 Athanas bought a lakeside cottage for 12% down and monthly mortgage payments of S2,114.41 at the end of each month for 30 years.

 QUESTION 16 Athanas bought a lakeside cottage for 12% down and

QUESTION 16 Athanas bought a lakeside cottage for 12% down and monthly mortgage payments of S2,114.41 at the end of each month for 30 years. Interest is 4.25% compounded annually. What was the purchase price of the property? (round to the nearest cent, do not use a dollar sign) QUESTION 17 (continued from previous question) Athanas bought a lakeside cottage for 12% down and monthly mortgage payments of S2,114.41 at the end of each month for 30 years. Interest is 4.25% compounded annually. How much was the cost of financing? (round to the nearest cent, do not use a dollar sign) QUESTION 18 Dr. Garbutt has contributed S73.04 at the end of each week into an RRSP paying 7% per annum compounded annually. How much will Dr. Garbutt have after 17 years? (Round to the nearest cent, do not use dollar signs) QUESTION 19 (continued from previous question) Dr. Garbutt has contributed S73.04 at the end of each week into an RRSP paying 7% per annum compounded annually. How much will Dr. Garbutt have after 17 years if she found an RRSP that paid 7% per annum compounded monthly? (Round to the nearest cent, do not use dollar signs) QUESTION 20 (continued from previous question) Dr. Garbutt has contributed $73.04 at the end of each week into an RRSP paying 7% per annum compounded annually. How much will Dr. Garbutt have after 17 years if she found an RRSP that paid 7% per annum compounded monthly but instead required payments of $3,798 at the end of every 12 months? (Round to the nearest cent, do not use dollar signs)

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