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are chairperson of the investment fund for the Continental Soccer League. You are asked to set up a fund of semanal payments e compounded semiannually

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are chairperson of the investment fund for the Continental Soccer League. You are asked to set up a fund of semanal payments e compounded semiannually to accumulate a sum of $380,000 after nine years at a 12 percent annual rate (18 payments) The first -ment into the fund is to take place six months from today, and the last payment is to take place at the end of the ninth year. Use bendix A and Appendix for an approximate answer, but calculate your final answer using the formula and financial calculator hods etermine how much the semiannual payment should be (Do not round intermediate calculations. Round your final answer to 2 Emal places.) -annual payment he day after the sixth payment is made the beginning of the fourth year the interest rate goes up to an annual rate of 1 percent new rate applies to the funds that have been accumulated as well as ali future payments into the fund. Interest to be pounded semiannually on all funds termine how much the revised semiannual payments should be after this rate change there are 12 payments and compounding ). The next payment will be in the middle of the fourth year. (Do not round intermediate calculations. Round your final ontwer fecimal places.) od semi-annual payment are chairperson of the investment fund for the Continental Soccer League. You are asked to set up a fund of semanal payments e compounded semiannually to accumulate a sum of $380,000 after nine years at a 12 percent annual rate (18 payments) The first -ment into the fund is to take place six months from today, and the last payment is to take place at the end of the ninth year. Use bendix A and Appendix for an approximate answer, but calculate your final answer using the formula and financial calculator hods etermine how much the semiannual payment should be (Do not round intermediate calculations. Round your final answer to 2 Emal places.) -annual payment he day after the sixth payment is made the beginning of the fourth year the interest rate goes up to an annual rate of 1 percent new rate applies to the funds that have been accumulated as well as ali future payments into the fund. Interest to be pounded semiannually on all funds termine how much the revised semiannual payments should be after this rate change there are 12 payments and compounding ). The next payment will be in the middle of the fourth year. (Do not round intermediate calculations. Round your final ontwer fecimal places.) od semi-annual payment

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