Mr. Maillet has contributed $216.00 at the end of each month into an RRSP paying 3% per annum compounded quarterly. How much will Mr. Maillet have in the RRSP after 15 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to sbx decimal places as needed.) How much of the above amount is interest? (Round the final answer to the nearest centas needed. Round all intermediate values to six decimal places as needed.)

Mr. Maillet has contributed $216.00 at the end of each month into an RRSP paying 3% per annum compounded quarterly. How much will Mr. Maillet have in the RRSP after 15 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to sbx decimal places as needed.) How much of the above amount is interest? (Round the final answer to the nearest centas needed. Round all intermediate values to six decimal places as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Bill needs to determine the equivalent value in 1 quarter of a payment of $1200 due in 3.33 quarters. Money is worth 7% compounded semiannually. Select one: a. $1138.22 b. $1249.14 c. $1152.79 d. $1108.92
Thomas is planning to withdraw $6000 from a savings account at the end of each quarter for five years. If the payments are deferred for six years and interest is 5.38% compounded semi-annually, what amount hen to be inveed now into the savings account? Thomas must invest $ into the savings account now. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A perpetuity pays $9600 per half-year, as follows: • in odd-numbered half-year, a payment of $9600 is made at the begin of the half-year. • in even-numbered half-year, a payment of $4800 is made at the end of each quarter. Interest is at annual effective rate of 12.03 %. At the begin of an odd-numbered period, this perpetuity is exchanged for another of equal value which provides monthly payments, the first payment due 39 month hence. What is the monthly payment of the new perpetuity ? Answer: 260.99
How much larger will the value of an RRSP be at the end of 20 years if the contributor makes month-end contributions of $670, instead of year-end contributions of $8,040? In both cases the RRSP earns 7.2% compounded semiannually. (Do not round intermediate calculations and round your final answer to 2 decimal places.) larger The RRSP will be
Mr. Kinders has contributed $189.00 at the end of each month into an RRSP paying 3% per annum compounded annually GILE How much will Mr. Kinders have in the RRSP after 12 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.). How much of the above amount is interest? (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
Bived Aaron contributed $2.100 to his RRSP at the end of every half-year. What was the value of his RRSP after 13.5 years if the RRSP grew at 3.6% compounded semilannually? (Round your final answer to 2 decimal places.) Value of RRSP %24
Jim Rice made deposits of $450 at end of each year for seven years. The rate is 12 percent compounded annually. The value of Jim's annuity at end of seven years is: (Use the tables in the textbook.) O a. $3,373.03 Ob.$3,777.30 Oc $3,651.75 Od.$4,540.05 Moving to another question will save this response. « Show All Informative Top....docx
How much should a family deposit at the end of every 6 months in order to have $6000 at the end of 7 years? The account 0- pays 4.5% interest compounded semiannually. (Round your final answer to two decimal places.) Submit Answer
You deposit your inheritance of $500,000 into an account earning 5.3% interest per year compounded monthly. You intend to withdraw a fixed amount monthly for 16 years. What amount can you withdraw monthly in order to empty the account in the 16 years? Give the answer to 2 decimal places, and do not use the $ sign in the answer box. Blank 1. Calculate the answer by read surrounding text. dollars
Can anyone help me to answer this ?
What is the present value of a $1,300 payment made in five years when the discount rate is 10 percent? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Present value
Harlan made equal payments at the end of each month into his RRSP. if interest in his account is 5.8% compounded quarterly, and the balance after ten years is $14,500 what’s is the size of the monthly payment? Please don't answer in handwritten..thanku

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