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Unformatted text preview: n . 17. (S11HW) At the start of each month for 50 months, Julia deposits 100 into her bank account. At the end of 50 months, Julia has 6084.72. Calculate the annual effective interest rate being earned by Julia. 18. (S12HW) Zichen wants to accumulate a sum of money at age 65 so he can retire. In order to accomplish this goal, he can deposit 80 per month at the beginning of the month or 81 per month at the end of the month. Calculate the annual effective rate of interest earned by Zichen. 19. Book Problem 3.3, Number 6 20. Book Problem 3.3, Number 7 Answers: 14. 50,828.39 15. 172.56 16. 4717. 9.381% 18. 16.075% 19. 32.12891 20. 237...
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 Spring '08
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 Math

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