# What is the principal from which \$329.00 can be withdrawn at the end of each month for 15.5 years if interest is 4% compounded quarterly?

Question #1:

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.

Question #2:

What is the principal from which \$329.00 can be withdrawn at the end of each month for 15.5 years if interest is 4% compounded quarterly?

Question #3:

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?

Question #4:

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?

Question #5:

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?

Question #6:

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

Question #7:

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.

Question #8:

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?

Question #9:

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?

Question #10:

What monthly lease payment due in advance should be charged for a tract of land valued at \$2325 000 if the agreed interest is 6.05% compounded semi-annually?

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