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The Simpsons family are planning to make yearly deposits in an investment fund for the next 10 years. They want to use balance in their

The Simpsons family are planning to make yearly deposits in an investment fund for the next 10 years. They want to use balance in their amount to start a family business at that time. They can afford to deposit $800 every two weeks. a. [5 pts] Assuming their investment fund receives an interest of 7% compounded bi-weekly (every two weeks), how much will they have in their account after 10 years. b. [4 pts] How much interest will be earned over the 10 years? c. [6 pts] If the Simpsons decide to deposit all of their savings (calculated in part a) in an account that will give them an interest rate of 12% compounded monthly instead of opening their family business. How much can they withdraw each month for 20 years in order to end up with a zero balance after the last withdrawal?

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