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please show the work 1) Sam needs $7000 in five years. How much does he deposit now so that he will have this money if

please show the work

1) Sam needs $7000 in five years. How much does he deposit now so that he will have this money if the account earns 4.5% compounded weekly? Round to two decimal places.

2) What is the effective rate? Round to four decimal places.

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