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On 2005-02-16 Eduardo invests $3,750.00 in an account paying i (12) = 9.875%. The account uses the compound interest method for computing interest for partial

On 2005-02-16 Eduardo invests $3,750.00 in an account paying i(12) = 9.875%. The account uses the compound interest method for computing interest for partial periods, based on the ACT / 365 daycount convention. How much money does he receive when he withdraws it on 2005-03-10?

a. $3,770.83

b. $3,772.05

c. $3,777.37

d. $3,772.77

e. $3,774.23

Man-Duen wants to save $431,000.00 for retirement. He already has $34,480.00, and he will make weekly deposits for the next 20 years (at the end of each period). The interest rate is 4.075% compounded semi-annually. How much will the weekly deposits be?

a. K = $269.94.

b. K = $181.43.

c. K = $221.26.

d. K = $221.09.

e. K = $292.07.

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