For 8 years, $33 is deposited each week into an account that earns 2.1% interest, compounded weekly (52 times a year).  The account currently has $300 in it.  How much will be in the account after 8 years?  Round your answer to two decimal places if rounding is necessary.  There is a $ sign next to the answer box, so do not type a $ sign in your answer.

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 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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For 8 years, $33 is deposited each week into an account that earns 2.1% interest, compounded weekly (52 times a year).  The account currently has $300 in it.  How much will be in the account after 8 years?  Round your answer to two decimal places if rounding is necessary.  There is a $ sign next to the answer box, so do not type a $ sign in your answer.

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