Question
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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