Answers:

a) Present due

b) 224 paymenrs weekly

c) $199.20

d) 0.142

e) $95000

Please show how you get the number of payments

Avishek is saving for the down payment on a house; he wants to save $95,000.00. At the start of each week, he will deposit $199.20 in an investment account paying r(4)=7.450% interest, until he has reached her goal. a) This question deals with the 2 value of an annuity b) There will be x payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is x% e) The present/future value is $