Answer Happy

Victoria saved $430 every six months for seven years. What nominal rate of interest compounded quarterly is named if the savings account amounts to $7000 in seven years? The nominal annual rate of interest is compounded quarterly (Round to two decimal places as needed) Submi
Mr. Merkel has contributed $174.00 at the end of each year into an RRSP paying 4% per annum compounded quarterly How much will Mr. Merkel have in the RRSP after 10 years? $7 (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.)