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Author Question: Carla Craig invested a retirement gratuity of $17 570.00 in an RRSP paying 6.5% compounded ... (Read 141 times)

Beheh

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on: Jun 6, 2019

Question 1

A debt of $23 900.00 is repaid by making payments of $3617.00 at the beginning of every six months deferred for three years. If interest is 9.6% compounded monthly, for how long will payments have to be made?

Question 2

Carla Craig invested a retirement gratuity of $17 570.00 in an RRSP paying 6.5% compounded semi-annually for 11.5 years. At the end of 11.5 years, she rolled the RRSP balance over into an RRIF paying $1500.00 at the beginning of each month starting with the date of rollover. If interest on the RRIF is 9.5% compounded monthly, for how long will Carla receive monthly payments?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by Beheh on Jun 6, 2019

livaneabi

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Beheh

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Reply #2 on: Jun 6, 2019
Excellent


livaneabi

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Reply #3 on: Jun 6, 2019
Great! Please up vote :D


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