Find the amount of money

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Find the amount of money owed at the end of 5 years if $30,000 is borrowed at 5% per year compounded weekly and no payments are made on the loan.( simplify your answer completely. Assume there are 52 weeks in a year. Round your answer to the nearest cent.
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