Question
3) You will make bi-weekly deposits of $50 into the same an account that will pay 6% per year. How much will you have at
3) You will make bi-weekly deposits of $50 into the same an account that will pay 6% per year. How much will you have at the end of 5 years? (Note: there are 26 bi-weekly periods per year.) (Enter only numbers and decimals in your response. Round to 2 decimal places.)
4) Your father has just retired with an annuity worth $200,000. He would like to know how much his monthly payment would be for the next 10 years. He plans to receive his first payment one month from today. The relevant discount rate is 5%. (Enter only numbers and decimals in your response. Round to 2 decimal places.
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