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1.Suppose you plan to save the amount 35000 over the course of 5 years by investing in an annuity that pays 7.5% compounded weekly. You
1.Suppose you plan to save the amount 35000 over the course of 5 years by investing in an annuity that pays 7.5% compounded weekly. You need to invest each week the amount of _____. 2.In an average daily balance method, the sum of the products of the balances and the number of days divided by the number of days in the month is called the _____. 3.If 500 is deposited in a savings account earning 6% interest compounded semi-annually, then at the end of the first year, A=_____. 4. 300 payment is made annually for 4 years at 9%. Substitute to the formula for future value of an annuity then give the final answer. 5. The money that should be invested in an account that earns 9% interest, compounded daily in order to have 3583.16 in 4 years is _____
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