Question 1:

Determine the accumulated value of $4100.00 compounded semi-annually at 8% p.a. for seven years.  (3 marks)

 

Question 2:

 

How much will a registered retirement savings deposit of $10000.00 be worth in 15 years at 6.00% compounded quarterly? How much of the amount is interest?  (4 marks)

 

 

Question 3:

 

An investment of $21700 is accumulated at 5.24% compounded quarterly for three and one-half years. At that time the interest rate is changed to 6.12% compounded monthly. How much is the investment worth two years after the change in interest rate? (4 marks)

 

 

Question 4:

 

Determine the sum of money that will grow to $18 530 in four years, eleven months at 5.2% compounded quarterly. (3 marks)

 

Question 5:

 

          Calculate the present value of $12 500.00 due in two years and nine months if interest is 7.8% p.a. compounded semi-annually. (3 marks)

 

 

Question 6:

 

Debts of $850 due in six months, $700 due in sixteen months, and $1100 due in three years are to be settled by a single payment one year from now. What is the size of that single payment if interest is 7.5% compounded monthly? (6 marks)