Anna plans to purchase a new vehicle in two years. To do this, he deposits a savings of Q 20,000 in Bank A at a rate of 8.75% annual interest, compounded semiannually. In addition, it will also make bimonthly deposits due in Bank B at a rate of 9% per year, compounded bimonthly. If the price of the vehicle you want to buy in two years is Q 160,000. What should be the value of bimonthly deposits? to. Q9,248.37 b. Q11,005.17 c. Q10,448.69 d. Q10,148.47 and. None of the above.
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