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ane needs $30,000 to buy a new car in four years. How much should she deposit at the endof each week into an account that earns 5% interest componded weekly ? Round your answer to the nearest dollar

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

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Jane needs $30,000 to buy a new car in four years. How much should she deposit at the endof each week into an account that earns 5% interest componded weekly ? Round your answer to the nearest dollar

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