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I've been stuck on this problem for awhile. If possible a detailed explanation for all three will be appreciated greatly! thank you for your time.
I've been stuck on this problem for awhile. If possible a detailed explanation for all three will be appreciated greatly! thank you for your time.
You would like to have $6,000.00 in 11 years for a special vacation following graduation by making deposits at the end of each week in an annuity that pays 7.9% compounded weekly. How much money should you deposit at the end of every week? Do not round until the final answer, and then round up to the next penny.) How much of the $6,000.00 comes from deposits and how much comes from interest? of the $6,000.00 comes from your deposits and $ comes from interestStep by Step Solution
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