3. You are about to enter the 12th grade so mom says that you need a savingsaccount. She helps you to invest $200 to start. Interest on the account iscompounded weekly at an annual interest rate of 4.35%. How much do youthink your savings account will have after 5 years?4 Sarah decides that she is tired of working at starbucks and wants to investstocks in the stock market. She decided to start investing with $1,50O. Theinterest rate on these stocks were actually depreciating by 3% compoundedmonthly. After 3 years, Sarah realized she was losing too much money anddecided to pull her investments out of the stock market. How much moneywould Sarah have had after 3 years?

Answered: Image /qna-images/answer/7918f31e-e41f-47c2-a1ca-87da90e3c3e5.jpg

3. You are about to enter the 12th grade so mom says need a savings account. She helps you to invest $200 to start. Interest on the account is that you compounded weekly at an annual interest rate of 4.35%. How much do you think your savings account will have after 5 years?

3. You are about to enter the 12th grade so mom says need a savings account. She helps you to invest $200 to start. Interest on the account is that you compounded weekly at an annual interest rate of 4.35%. How much do you think your savings account will have after 5 years?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

3. You are about to enter the 12th grade so mom says that you need a savings
account. She helps you to invest $200 to start. Interest on the account is
compounded weekly at an annual interest rate of 4.35%. How much do you
think your savings account will have after 5 years?
4 Sarah decides that she is tired of working at starbucks and wants to invest
stocks in the stock market. She decided to start investing with $1,50O. The
interest rate on these stocks were actually depreciating by 3% compounded
monthly. After 3 years, Sarah realized she was losing too much money and
decided to pull her investments out of the stock market. How much money
would Sarah have had after 3 years?

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