How much would you need to deposit in an account now in order to have $1,000.00 in the account in 6 years? Assume the account earns 8.32% interest compounded weekly. You need to deposit now to have $1,000.00 in the account in 6 years. Question Help: Video 1 Video 2 Message instructor Submit Question

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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**Compound Interest Calculation Exercise**

**Question:**
How much would you need to deposit in an account now in order to have $1,000.00 in the account in 6 years? Assume the account earns 8.32% interest compounded weekly.

**Instruction:**
You need to deposit [Input Field] now to have $1,000.00 in the account in 6 years.

**Resources for Assistance:**
- Video 1 [Link]
- Video 2 [Link]
- Message Instructor [Link]

**Action:**
[Submit Question Button]
Transcribed Image Text:**Compound Interest Calculation Exercise** **Question:** How much would you need to deposit in an account now in order to have $1,000.00 in the account in 6 years? Assume the account earns 8.32% interest compounded weekly. **Instruction:** You need to deposit [Input Field] now to have $1,000.00 in the account in 6 years. **Resources for Assistance:** - Video 1 [Link] - Video 2 [Link] - Message Instructor [Link] **Action:** [Submit Question Button]
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