Suppose you invest $25 per week into an account that earns 2% compounded weekly. You make the deposits at the beginning of each week. If you continue to make these deposits for 40 years, how much will you save? Group of answer choices $73,443.56 $79,668.54 $53,040.00 $79,637.91
Suppose you invest $25 per week into an account that earns 2% compounded weekly. You make the deposits at the beginning of each week. If you continue to make these deposits for 40 years, how much will you save? Group of answer choices $73,443.56 $79,668.54 $53,040.00 $79,637.91
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 24P
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Suppose you invest $25 per week into an account that earns 2% compounded weekly. You make the deposits at the beginning of each week. If you continue to make these deposits for 40 years, how much will you save?
Group of answer choices
$73,443.56
$79,668.54
$53,040.00
$79,637.91
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