FUTURE VALUES OF AN ANNUITY Purdue Savings Bank pays 8 percent interest compounded weekly (0.154 percent per week) on savings accounts. The bank has asked your help in preparing a table to show potential customers the number of dollars that will be available at the end of 10-, 20-, 30-, and 40-week periods during which there are weekly deposits of $1, $5, $10, or $50.

The following data are available:

Length of Annuity Future Value of Annuity at an Interest Rate of 0.154% per Week 10 weeks 10.0696 20 weeks 20.2953 30 weeks 30.6796 40 weeks 41.2250 Required:
Prepare and complete a table similar to the one below.
Number of Deposits Amount of Each Deposit $1 $5 $10 $50 10 20 30 40 Exercise