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4. Pauline graduated and got a great job. She started saving regularly the first week of January and was able to deposit $50 each week
4. Pauline graduated and got a great job. She started saving regularly the first week of January and was able to deposit $50 each week into an account earning 5.2% interest compounded weekly. She did this for a full year before getting a raise and increasing her deposits. Below is the future value of the annuity (at some point during the year). 4 + 50+ 50(1.001) + 50(1.001)2 + ... + 50(1.001)9 + 50(1.001)10 4 When was the deposit corresponding to the term 50(1.001)2 made? Do not give the calendar date. Rather give the number of the week of the deposit (as in week 1, week 2, and so on). 4. Pauline graduated and got a great job. She started saving regularly the first week of January and was able to deposit $50 each week into an account earning 5.2% interest compounded weekly. She did this for a full year before getting a raise and increasing her deposits. Below is the future value of the annuity (at some point during the year). 4 + 50+ 50(1.001) + 50(1.001)2 + ... + 50(1.001)9 + 50(1.001)10 4 When was the deposit corresponding to the term 50(1.001)2 made? Do not give the calendar date. Rather give the number of the week of the deposit (as in week 1, week 2, and so on)
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