Correct Answers are :

a) Future Immediate

b) 182 paymenrs bi-weekly

c) payment amount = $210.36

d) Intrest rate per period = 0.048

e) Future value is $40000

Jiefei wants to save $40,000.00 for the down payment on a house. He will make bi-weekly deposits for the next 7 years (at the end of each peric The interest rate is 1.250% compounded weekly. How much will the bi-weekly deposits be? a) This question deals with the x value of an annuity b) There will be x payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is % e) The present/future value is \$