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Ali Shah has been depositing $2,000 each year for the past five (5) years into a savings account that earns 6.1%, compounded weekly. How much
Ali Shah has been depositing $2,000 each year for the past five (5) years into a savings account that earns 6.1%, compounded weekly. How much can he withdraw each year over the next four (4) years if he would like to leave $3,000 in this account at year 4? A) $2,610.86 B) $2,582.85 C) $2,000.00 D) $4,485.65 E) $3,976.61 The answer is A. Please show your works (don't use excel to solve this)
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