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Your bank will pay you an interest rate of . 1 4 2 percent compounded weekly. You want to have $ 2 6 , 5

Your bank will pay you an interest rate of .142 percent compounded weekly. You want to have $26,500 in 9 years. How much will you have to deposit today? Assume 52 weeks per year. (Assume weekly compounding.)
Multiple Choice
$13,943.80
$13,956.92
$13,822.55
$24,615.03
$13,640.67

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