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A couple wants to accumulate $9000 by making payments of $600 at the end of each two-week period into an investment account that earns
A couple wants to accumulate $9000 by making payments of $600 at the end of each two-week period into an investment account that earns interest at j26 = 9%. Calculate each of the following: (a) The number of full payments required Answer: payments (b) the size of the concluding payment using the 'balloon' payment method Answer: $
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
