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A certain account pays 3.12% interest, compounded weekly. Audrey wishes to invest money into this account today so that she will be able to withdraw
A certain account pays 3.12% interest, compounded weekly. Audrey wishes to invest money into this account today so that she will be able to withdraw $100 every week for the next year. a) How much must she invest today? b) How much interest does she earn?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
