3. at the end of every three months, sheila invested $375 into an account earning interest at 3% compounded monthly. what is the accumulated value in the account after eight years? 4. toby has opened an rrsp account by making an initial deposit of $1,200. she intends to make quarterly deposits for 20 years, increasing at a constant rate of 1.5%. how much of the accumulated value just after the last deposit was made if interest is 7% compounded quarterly? 5. what is the future value of monthly payments of $50 each for four years and two months at 4.62% compounded monthly if the payments form an annuity due? 6. arnie will receive payments of $850 at the beginning of every month from a trust account starting on his 30th birthday and continuing for 20 years. interest is 5.04% compounded monthly. what is the balance in the trust account on arnie's 50th birthday? a debt of $40,000 is to be repaid in installments due at the end of each month for seven years. if the payments are deferred for three years and interest is 7% compounded quarterly, what is the size of the monthly payments? 7. western railway leases land owned by the city of regina, paying $11,000 at the begi each year. for what amount should western offer to buy the land if interest is 65% compounded annually? flexlabs borrowed funds to purchase a new blood analysis machine by signing a loan contract requiring payments of $1,630 at the end of every three months for six years. how much is the cash value of the contract if month is worth 8.1% compounded quarterly? ronita contributed $450 at the beginning of every three months to an rrsp. interest on th 8. 9. torh what will the balance in the account be after seven