Calculate the accumulated value after ten years of payments of $13200.00 made at the end of each month if interest is 4.5% compounded semi-annually.
What is the principal from which $329.00 can be withdrawn at the end of each month for 15.5 years if interest is 4% compounded quarterly?
For her daughter’s university education, Sara has invested an inheritance in a fund paying 4.3% compounded quarterly. If ordinary annuity payments of $3550.00 per month are to be made out of the fund for 6 years and the annuity begins 9.25 years from now, how much was the inheritance?
Calculate the amount of money that must be deposited at the end of every three months into an account paying 5.5% compounded monthly to accumulate to
$19 500.00 in nine years?
How many deposits of $6140.00 made at the end of every 6 months are needed to accumulate to $182 600.00 at 5.4% compounded quarterly?
Sabrina deposits $540.00 into a savings account at the end of each month for five years. If the accumulated value of the deposits is $30 500.00 and interest is compounded semi-annually, calculate the nominal rate of interest
Hector makes payments of $6070.00 into an RRSP at the beginning of every six months starting today for 33 years. If the interest rate is 3.6% compounded semi-annually, calculate the accumulated value.
Determine the accumulated value after 10 years of deposits of $2700.00 made at the beginning of every 6 months and earning interest at 3.5% compounded monthly?
Beverley intends to retire in 6.5 years and would like to receive $2700.00 every month for 10.25 years starting on the date of her retirement. How much must she deposit in an account today if interest is 12% compounded annually?