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Man-Duen wants to save $106,000.00 for the down payment on a house. He already has $7,420.00, and he will make weekly deposits for the next
Man-Duen wants to save $106,000.00 for the down payment on a house. He already has $7,420.00, and he will make weekly deposits for the next 2 years (at the start of each period). The interest rate is 6.050% compounded monthly. How much will the weekly deposits be?
Man-Duen wants to save $106,000.00 for the down payment on a house. He already has $7,420.00, and he will make weekly deposits for the next 2 years at the start of each period). The interest rate is 6.050% compounded monthly. How much will the weekly deposits be? O a. K = $882.71. O b. K = $741.48. Oc. K = $794.44. O d. K = $1,182.83. e. K = $829.75Step by Step Solution
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