BANKING Malik deposits $5000 in an account that pays 3.9% interest compounded weekly. What will be the value of the account in 8 years? Round to the nearest cent.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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BANKING Malik deposits $5000 in an account that pays 3.9% interest compounded weekly. What will be the value of the account in 8 years?
Round to the nearest cent.
Transcribed Image Text:BANKING Malik deposits $5000 in an account that pays 3.9% interest compounded weekly. What will be the value of the account in 8 years? Round to the nearest cent.
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