Question 1114677
29 - 20 = 9 years.
multiply that by 52 and it's 468 weeks.
annual interest is 8%.
divide that by 52 and it's .153846154% per week.
payments are 500 at the end of each week.
use a financial calculator to find the future value of the investment.


present value = 0
future value = 0
payments at the end of each week are 500
interest rate per week is .153846154%.


calculate future value to be 342,321.48.


here's an online calculator that you can use.


<a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


here are the results of my use of this calculator.


<img src = "http://theo.x10hosting.com/2018/041301.jpg" alt="%%%" >