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Josie wants to be able to celebrate her graduation from CSULA in 4years. She found an annuity that is paying 4%. Her goal is to

Josie wants to be able to celebrate her graduation from CSULA in 4years. She found an annuity that is paying 4%. Her goal is to have $4,500.00.

Assume the interest rate remains the same while the account is openround all answers to the nearest penny.

A) How much should be deposited each week?

\$Weekly Deposit

P

B) How much will be in the account at the end of the 4 years?

\$$Future Value

C) How much will she have deposited in Total?

\$$ Total

D) How much Interest, in Total, will be earned?

\$$ Interest

E) If Josie wanted to make a single deposit into a savings account that earns 4%compounded weekly to reach her goal, how much would that deposit be?

\$$Single Deposit

P

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