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please handwrite and show all formulas and steps! please answer both b and c thank you! b) Liz expects to retire in 20 years. At
please handwrite and show all formulas and steps!
b) Liz expects to retire in 20 years. At the end of the first month when she retires, she would like to receive $650 per month for 25 years. How much must she deposit into a fund now to be able to reach this objective if the rate of interest on the deposit is 5.75% compounded monthly? (4 marks) c) Abdulaziz made deposits of $430 at the end of every three months into a savings account. For the first 6 years, interest was 4.5% compounded quarterly. Since then, the rate of interest has been 5% compounded quarterly. How much is the balance after 11 years please answer both b and c thank you!
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