Bill wants to invest $45,000 for the next 5 years. If the investment is going to generate 8% interest compounded weekly, how much will he have at the end of 5 years?
Bill wants to invest $45,000 for the next 5 years. If the investment is going to generate 8% interest compounded weekly, how much will he have at the end of 5 years?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Bill wants to invest $45,000 for the next 5 years. If the investment is going to generate 8% interest compounded weekly, how much will he have at the end of 5 years?
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