SOLUTION: Find the future value of an annuity with weekly deposits of $12.00, made over a period of five years, with 3.8% interest compounded weekly.
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Question 201287
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Find the future value of an annuity with weekly deposits of $12.00, made over a period of five years, with 3.8% interest compounded weekly.
Answer by
rfer(16322)
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FV=(P((1+i)^n)-1)/n
FV=(12((1+.000146)^260)-1)/.000146
$3180.82