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can you use excel to show how to get the effective interest rate per period Hong-bin is retiring in 15 years, and wants to save

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can you use excel to show how to get the effective interest rate per period

Hong-bin is retiring in 15 years, and wants to save some money. He will make bi- weekly deposits of $538.46 (at the end of every period) in an investment account paying (1) = 1.300%. How much will he have when he retires? a) This question deals with the future value of an annuity immediate b) There will be 390 payments. The payment period is bi-weekly c) The payment amount is $ 538.46 d) The effective interest rate per period is 0.325 X % e) The present/future value is $6339654.06 X

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