Question: Sureshna is saving for the down payment on a house; she wants to save $97,000.00. At the end of each week, she will deposit $248.76
Sureshna is saving for the down payment on a house; she wants to save $97,000.00. At the end of each week, she will deposit $248.76 in an investment account paying r26) = 1.950% interest, until she has reached her goal. a) This question deals with the value of an annuity 9 b) There will be payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is % e) The present/future value is $ Sureshna is saving for the down payment on a house; she wants to save $97,000.00. At the end of each week, she will deposit $248.76 in an investment account paying (26) = 1.950% interest, until she has reached her goal. ( a) This question deals with the value of an annuity b) There will be pa present payment period is . future c) The payment amount is $ d) The effective interest rate per period is % e) The present/future value is $
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