Planning to make monthly deposits into an account

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Reference no: EM131258764

1. You are planning to make monthly deposits of $100 into an account that pays 6%. How much will you have at the end of 5 years?

a) Now suppose that instead, you will make bi-weekly deposits of $50 into the same account. How much will you have at the end of 5 years? (Note: there are 26 bi-weekly periods per year.)

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Reference no: EM131258764

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