What is the accumulated value of deposits of $2000.00 made at the end of every year for
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Question:
- What is the accumulated value of deposits of $2000.00 made at the end of every year for three years if interest is 6.00% compounded quarterly?
- What is the discounted value of $4760.00 paid at the end of each year for 7 years if interest is 6.52% compounded quarterly?
- A $ 120 000.00 mortgages is amortized over 25 years. If interest on the mortgage is 8.5% compounded semi-annually, calculate the size of monthly payments made at the end of each month.
- How much must be contributed into an RRSP at the end of each year for 37 years to accumulate to $213 000.00 if interest is 8.04% compounded quarterly?
- How many deposits of $6100.00 made at the end of every 6 months are needed to accumulate to $172 000.00 at 5.24% compounded quarterly?
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