Q1: A teenage girl has selected for the scholarship, the total benefits of the scholarship are $250,000. The scholarship program provides for investment of this sum at an interest rate of 12 percent per year compounded quarterly. These quarterly payments will be made for 30 years. What quarterly payments should be generated? How much interest will be earned on the $250,000 over the 30 years? [10]
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I think it is not a answer . but, it is something helpful you
Step-by-step explanation:
A debt of four payments of $500 due in 6 months, 12 months, 18 months, and 24 months.
A debt of four quarterly payments in the amounts of $100, $200, $300, and $400.
Contributions to an RRSP of $200 every month for the first year followed by $200 every quarter for the second year.
Regular monthly deposits of $250 to an RRSP for five years, skipping one payment in the third year.
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