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As a student you decide you will eat ramen noodles & crackers instead of steak & asparagus for a decade (you plan to do a
As a student you decide you will eat ramen noodles & crackers instead of steak & asparagus for a decade (you plan to do a PhD), and therefore will have some funds to deposit every week into a savings account that pays 5% APR and compounds monthly. What weekly constant deposit do you need to have $50,000 in the account after 10 years that will be used to cover the medical bill resulting from poor nutrition over the years? Assume you deposit at the beginning of every week.
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