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7). You would like to buy a house in in 17 years and estimate that you will need a deposit of $40756. You plan to
7). You would like to buy a house in in 17 years and estimate that you will need a deposit of $40756. You plan to make bi-weekly deposits into an account that you hope will earn 9.1%. How much do you have to deposit every two weeks?
8). You are looking at some real estate that the broker told you will be worth $501550 in 8 years. If the interest rate is 10.00%, how much should you be willing to pay for it today? In other words, how much is it worth today? (Round to 2 decimal places.)
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