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What semi-annual deposits should be made

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Q1) Determine the accumulated value of weekly deposits of $92 each after 13 years if the deposits earn 6.3%/year compounded weekly. Assume the deposits are made at the end of each week.

Q2) What semi-annual deposits should be made into a savings account paying interest at 9.4%/year compounded semi-annually in order to accumulate $150000 at the end of 19 years?

Q3) Determine the accumulated value of monthly deposits of $89 each after 20 years if the deposits earned 6.4% per annum compounded monthly for the first 7 years and 10.0% per year compounded monthly thereafter. Assume the deposits are made at the end of each month.

Reference no: EM132968850

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