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Richard deposits $1,100 at the end of every 3 months in an RRSP that is earning 6.60% compounded semi-annually. For the RRSP to accumulate to $36,000, calculate the following: a. How many deposits will he have to make? Round up to the next whole number b. How long will he have to make these deposits? 0 years 0 months the mounded to the next payment period Question 2 of 13 The maturity value of a savings account that belonged to Peach Company was $29,993.50. The interest charged for the first 3 years was 4% compounded semi-annually, and 5% compounded quarterly for the next 4 years. a. Calculate the amount that was deposited in the savings account at the beginning of the period. $0.00 Round to the nearest cent b. Calculate the total amount of interest earned from this investment. Question 3 of 13 A payment of $14,000 is due in 1 year and $11,300 is due in 2 years. What two equal payments, one in 3 years and one in 4 years would replace these original payments? Assume that money earns 4.50% compounded quarterly. Round to the nearest cent Next Question Question 4 of 13 A mortgage for a condominium had a principal balance of $44,000 that had to be amortized over the remaining period of 7 years. The interest rate was fixed at 5.22% compounded semi-annually and payments were made monthly. a. Calculate the size of the payments. $0 Round up to the next whole number b. If the monthly payments were set at $726, by how much would the time period of the mortgage shorten?! 0 year(s) O months C. If the monthly payments were set at $726, calculate the size of the final payment Round to the nearest cent Next

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