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Question 1. Suppose that you invest P dollars at the beginning of every week. However, your crazy banker decides to compound interest at a rate
Question 1. Suppose that you invest P dollars at the beginning of every week. However, your crazy banker decides to compound interest at a rate s at the end of Week 5, Week 9 Week 12, Week 14, and Week 15. 1. What is the value of the account at the end of Week 15? 2. At the end of the Week 15, you need to spend $15,000 on a bandersnatch. How much money must you invest weekly to ensure you have exactly $15,000 after Week 15 if the weekly interest rate is 10%
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