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The correct answers are a) Future; due b) 36 payments; monthly c) payment amount $427.50 d)rate per period 0.175% e) present/future value $15898.82 Please help
The correct answers are
Eduardo is saving up to buy a boat. He will make deposits of $427.50 at th start of every month. The interest rate is 2.100% compounded bi-weekly. How much will he have at the end of 3 years? a) This question deals with the value of an annuity b) There will be payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is e) The present/future value is $ a) Future; due
b) 36 payments; monthly
c) payment amount $427.50
d)rate per period 0.175%
e) present/future value $15898.82
Please help with formulas and how to solve these questions please
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