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Your best friend opened an investment account with a deposit of $130.98 today. They will continue to deposits every two weeks into an account that they hope will eam an interest rate of 8.06% per year. How much will they have in 17 years?

Your best friend opened an investment account with a deposit of $130.98 today. They will continue to deposits every two weeks into an account that they hope will eam an interest rate of 8.06% per year. How much will they have in 17 years?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Your best friend opened an investment account with a deposit of $130.98 today. They will continue to deposits every two weeks into an account that they hope will earn an interest rate of 8.06% per year. How much will they have in 17 years?
Transcribed Image Text:Your best friend opened an investment account with a deposit of $130.98 today. They will continue to deposits every two weeks into an account that they hope will earn an interest rate of 8.06% per year. How much will they have in 17 years?
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