1.How many bimonthly advance deposits of $5,000 each are due? perform to accumulate an amount of $185,488.33? The interest rate is 20% annual capitalized every two months.

answer= 24 deposits bimonthly

2. A person wishes to obtain an amount of $120,000 through deposits bimonthly of $4,132.38 in a bank account that pays an interest rate of 9.7% capitalized every two months. How many deposits are required if the first deposit is made within a two-month period from today?

answer= 24 deposits bimonthly