Question
a company establishes a new account to pay off a debt of $125,800 due in 12 years. the account will earn an annual interest rate
a company establishes a new account to pay off a debt of $125,800 due in 12 years. the account will earn an annual interest rate of 7% compounded weekly (assume 52 weeks in 1 year). rounded to the nearest cent, how much will be deposited weekly into the fund?
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
