Rubina bought a vacation property paying a down payment of $30000 and making further payments of...

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Rubina bought a vacation property paying a down payment of $30000 and making further payments of $10000 at the end of every six months for 12 years. If interest is 7% compounded semi-annually, what was the cash value of the property? 6 5 4 3 2 10123456 Rick invested $360 at the end of every month for 12 years in an RRSP. Assuming that the interest rate is constant at 7.5% compounded monthly over the 12-year period, calculate: The accumulated value of his investment. N IY P/Y C/Y PV PMT FV Answer 6 5 4 3 2 1 0 123456 $2000 was deposited at the end of every 3 months for 6 years into a fund earning 7.6% compounded quarterly. After this period, the accumulated money was left in the account for another 9 years. During this 2nd period, the fund was earning 10.2% compounded quarterly. Calculate the accumulated amount at the end of the 15-year period. N I/Y P/Y C/Y PV PMT FV Answer Nick purchased an annuity that provided him with payments of $1650 every month for 18 years at 8.16% compounded monthly. How much did he pay for the annuity? N IY P/Y C/Y PV PMT FV Answer Find the accumulated value of quarterly payments of $50 made at the end of each quarter for 10 years just after the last payment has been made if interest is 8% compounded quarterly. P/Y C/Y PV PMT < I/Y FV Answer 65 4 3 2 10 12 34 56 Priya saved for buying a home by making deposits of $1000 at the end of each year for 10 consecutive years at a bank account. The account earned 5.75% compounded annually. At the end of 10 years, the deposit was left for further 6 years, earning interest at 5.5% compounded semi-annually. What down payment was Priya able to make on the home? N IY P/Y C/Y PV PMT FV Answer 6 5 4 3 2 10 123456 How many payments of $600 are required at the end of the quarter to repay a loan of $5400 at 6% compounded quarterly? N IY P/Y C/Y PV PMT FV Answer What deposit made at the end of each quarter will accumulate to $10000 in four years at 4% compounded quarterly? IY P/Y C/Y PMT PV FV Answer Rubina bought a vacation property paying a down payment of $30000 and making further payments of $10000 at the end of every six months for 12 years. If interest is 7% compounded semi-annually, what was the cash value of the property? 6 5 4 3 2 10123456 Rick invested $360 at the end of every month for 12 years in an RRSP. Assuming that the interest rate is constant at 7.5% compounded monthly over the 12-year period, calculate: The accumulated value of his investment. N IY P/Y C/Y PV PMT FV Answer 6 5 4 3 2 1 0 123456 $2000 was deposited at the end of every 3 months for 6 years into a fund earning 7.6% compounded quarterly. After this period, the accumulated money was left in the account for another 9 years. During this 2nd period, the fund was earning 10.2% compounded quarterly. Calculate the accumulated amount at the end of the 15-year period. N I/Y P/Y C/Y PV PMT FV Answer Nick purchased an annuity that provided him with payments of $1650 every month for 18 years at 8.16% compounded monthly. How much did he pay for the annuity? N IY P/Y C/Y PV PMT FV Answer Find the accumulated value of quarterly payments of $50 made at the end of each quarter for 10 years just after the last payment has been made if interest is 8% compounded quarterly. P/Y C/Y PV PMT < I/Y FV Answer 65 4 3 2 10 12 34 56 Priya saved for buying a home by making deposits of $1000 at the end of each year for 10 consecutive years at a bank account. The account earned 5.75% compounded annually. At the end of 10 years, the deposit was left for further 6 years, earning interest at 5.5% compounded semi-annually. What down payment was Priya able to make on the home? N IY P/Y C/Y PV PMT FV Answer 6 5 4 3 2 10 123456 How many payments of $600 are required at the end of the quarter to repay a loan of $5400 at 6% compounded quarterly? N IY P/Y C/Y PV PMT FV Answer What deposit made at the end of each quarter will accumulate to $10000 in four years at 4% compounded quarterly? IY P/Y C/Y PMT PV FV Answer