For 8 years, $33 is deposited each week into an account that earns 2.1% interest, compounded weekly (52 times a year).  The account currently has $300 in it.  How much will be in the account after 8 years?  Round your answer to two decimal places if rounding is necessary.  There is a $ sign next to the answer box, so do not type a $ sign in your answer.

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A: The solution is given below.

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A:

Q: You deposit $3000 each year into an account earning 3.1% interest. How much will you have in the…

A: Given Information Principal P = $3000 Interest rate R = 3.1%

Q: Round to the nearest tenth of a year. years

A:

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A: Please find the answer in next step.

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A: See the attachment

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A: P=Principle=$3000t=time=15 yearsr=interest rate=8%=0.08A=final amount=?n=number of times compounded…

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A:

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A: P = $ 5500 APR = 0.054

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A: Given, Principal amount (P) = $3,000 Interest rate (r) = 2% Time (t) = 1 year   Introduction: Simple…

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A: Therefore, it will take almost 4.6 years for the amount to be worth $11,115.Explanation:Step 1: Step…

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A: Here we find compound money upto 7 year.