Question
Kendra has been collecting empty bottles and cashing them in for money at regular intervals. She receives 15 cents for each bottle and collects an
Kendra has been collecting empty bottles and cashing them in for money at regular intervals. She receives 15 cents for each bottle and collects an average of 500 bottles per week. The market rate of interest is j52 = 5%. How much will Kendra have at the end of one year (rounded to the nearest dollar) if she deposits her earnings into a savings account (earning j52 = 5%) at the end of each week?
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
132554909, 978-0132554909
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