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Ann began a series of quarterly deposits beginning with the first deposit occurring on July 1, 2000, and ending with the last deposit occurring on
Ann began a series of quarterly deposits beginning with the first deposit occurring on July 1, 2000, and ending with the last deposit occurring on January 1, 2018. Each of Ann's deposits is equal to $5000. Joe, a friend of Ann's, decided to start a series of monthly deposits beginning with the first deposit occurring on June 1, 2002, and ending with the last deposit occurring on January 1, 2020. Each of Joe's deposits is equal to $2000. Will Joe's series of deposits be equivalent to Ann's series of deposits? If not, recommend a uniform series amount that Joe should deposit on a monthly basis to make Joe's series equivalent to Ann's. Use a nominal interest rate of 13% and weekly compounding. Use 48 weeks = 12 months = 1 year
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