SOLUTION: MAT: Topics In Contemporary Math Annuities 1) Savings Sam deposits $5 per week 5% annual interest. How much is in the account after 2 years (104 weeks)?

SOLUTION: MAT: Topics In Contemporary Math Annuities 1) Savings Sam deposits $5 per week 5% annual interest. How much is in the account after 2 years (104 weeks)?

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Question 1194115: MAT: Topics In Contemporary Math
Annuities
1) Savings Sam deposits $5 per week 5% annual interest. How much is in the account after
2 years (104 weeks)?
Answer by ikleyn(52788) (Show Source): You can put this solution on YOUR website!
.

The problem's formulation is incomplete, since it does not specify the compounding period (weeks; months; quarters . . . )

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