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Adeeba joins a fitness club. Membership dues will be $17.50 at the start of every two weeks for 2 years. The interest rate is 4.975%
Adeeba joins a fitness club. Membership dues will be $17.50 at the start of every two weeks for 2 years. The interest rate is 4.975% compounded weekly. What is the equivalent up front cost (present value) M of the two year membership?
A) M = $865.38
B) M = $955.87
C) M = $957.70
D) M = $867.04
E) None of the above
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