Elon Musk wants to save $47,000,000.00. He makes deposits of $1,826,953.34 every six months into an investment account (at the end of each period) and it takes him 17 periods to reach his target.

a) This question deals with the Answerpresentfuture

value of an annuity Answerimmediatedue

.

b) There will be Answer

payments. The payment period is Answerdailyweeklybi-weeklymonthlyquarterlysemi-annualannual

c) The payment amount is $Answer

d) The effective interest rate per period is Answer

%

e) The present/future value is