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How much interest did she pay in total

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Question - Kimmie signed a loan agreement that required monthly payments of $274.50 at the end of each month for 6 years at 10.8% compounded monthly.

a. How much was the original loan?

b. How much interest did she pay in total?

c. How much more will you have in your RRSP in 24 years if you start investing $1 ,100 at the end of each month now instead of waiting 3 years to begin contributing the same $1,100 at the end of each month? Interest is 6.0% compounded monthly.

Reference no: EM133066414

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