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Afnan is saving up to buy a boat. She will make deposits of $135.00 at the start of every month. The interest rate is 7.500%
Afnan is saving up to buy a boat. She will make deposits of $135.00 at the start of every month. The interest rate is 7.500% compounded bi-weekly. How much will she have at the end of 5 years? a) This question deals with the value of an annuity b) There will be payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is % e) The present/future value is $
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