You make a one-time $3,088 deposit into an account which pays 2.8% compounded weekly. If you don't touch this account for 5 years, how much interest will the account generate during that time? Round to the nearest dollar.
You make a one-time $3,088 deposit into an account which pays 2.8% compounded weekly. If you don't touch this account for 5 years, how much interest will the account generate during that time? Round to the nearest dollar.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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