You make semi-annual deposits for [n] years (beginning 6 mon…

You make semi-annual deposits for [n] years (beginning 6 months from now so there are two deposits in the first year) into an account with an interest rate of [i]% compounded monthly. {Hint: since the deposits are semi-annual we need to solve for a semi-annual effective interest rate.} When solving for the semi-annual effective interest rate what is the exponent (z) in the formula i(eff) = (1+r/m)^z-1?

I want to buy new furniture for my living room at the end of…

I want to buy new furniture for my living room at the end of [n] months. The furniture package I would like to purchase costs $[F]. How much will I need to put into a savings account each month so that I have $[F] in [n] months to purchase the new furniture? The savings account has an effective monthly interest rate [i]%. Margin of error is 1$ Enter your answer to the nearest cent: XX.xx