Solution for QID #44745: 1) How many months will it take to accumulate to S18880.88 a | StudyHelpMe

1) How many months will it take to accumulate to S18880.88 at 5.87% compounded semi annually, if $ 1234.00 is deposited in an account at the beginning of every 6 months?   2) A contract valued at $ 81500.00 requires payment of $ 2430.00 at the beginning of every 3 months. If interest is 6.5% compounded quarterly, calculate the term of this contract (round to years and months) 3) Ellora wants to accumulate $150,000.00 in an RRSP by making annual contributions of $5000.00 at the beginning of each year. If interest is 5.5% compounded quarterly, calculate how long she has to make contributions