Find the maturity value

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1. Find the maturity value of $ 5,000 invested at 10% compounded bimonthly for 5 years.

2. Mr. Matsunaga wants to provide a $ 200,000 for his son Steve. He is now 22 years old, and she would like the fund to be available by the time he is 25. He decides on an investment that pays 5% compounded quarterly. How much should be the initial deposit to achieve this?

Reference no: EM133086652

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