Answered: A company needs $6,500,000 in 7 years…

A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company invest each week if the investment earns a rate of 6% compounded weekly?

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section: Chapter Questions

Problem 22T

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A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company invest each week if the investment earns a rate of 6% compounded weekly?

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