Reference no: EM132491820

Calculate the amount that will be accumulated after 20 years if $800 is invested at the beginning of every six months at 13.5% compounded semiannually. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

What will be the amount in an RRSP after 30 years if contributions of $1000 are made at the beginning of each year for the first 10 years, and contributions of $6,000 are made at the beginning of each year for the subsequent 20 years? Assume that the RRSP will earn 6.3% compounded annually. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

The future value $

Marion's grandfather's will established a trust that will pay her $2800 every three months for 12 years. The first payment will be made five years from now, when she turns 20. If money is worth 7.8% compounded quarterly, what is today's economic value of the bequest? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Present value $

What price will a finance company pay to a merchant for a conditional sale contract that requires 18 monthly payments of $281 beginning in eight months? The finance company requires a rate of return of 15% compounded monthly. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

The finance company will pay$