17. Niki needs $5200 for university tuition when she graduates from high school in 2 years. She plans to make deposits into an

Question

17. Niki needs $5200 for university tuition
when she graduates from high school
in 2 years. She plans to make deposits
into an account that earns 6.5% per year,
compounded bi-weekly.
a) Draw a time line to represent this
annuity.
b) How much should she deposit every
2 weeks?

Kunduz · Accepted Answer

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