A certain account pays 3.12% interest compounded weekly. Audrey wishes to invest money into this account today so that she will be able to withdraw $100 every week for the next year a) How much must she invest today b) How much interest does she earn
A certain account pays 3.12% interest compounded weekly. Audrey wishes to invest money into this account today so that she will be able to withdraw $100 every week for the next year a) How much must she invest today b) How much interest does she earn
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 13PROB
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A certain account pays 3.12% interest compounded weekly. Audrey wishes to invest money into this account today so that she will be able to withdraw $100 every week for the next year
a) How much must she invest today
b) How much interest does she earn
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