the purchase of a larger warehouse seven years from now. If Monarch contributes $10,000 at the beginning of each month to an investment account earning 4.5% compounded semiannually, what amount (rounded to the nearest dollar) will Monarch accumulate by the end of the seven years? Ans: $987,375 2. Michael Raby has subscribed to a dollar cost averaging program in which he invests $1000 at the beginning of each month. If his rate of return is 6% compounded monthly, what will be the value of his account 5 years later? (Source: ICB course on Wealth Valuation.) Ans: $70,118.88 3. Mary and Steve Fariner plan to invest $2000 at the beginning of each year in a RRSP. What will be the value of the plan after 12 years if it earns 7.5% compounded annually? (Source: CIFP course on Personal Financial Planning.) Ans: $39,611.02 4. If Hans contributes $1500 to