
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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How much interest, in total, will be earned? Need last

Transcribed Image Text:Josie wants to be able to celebrate her graduation from CSULA in 5 years. She found
an annuity that is paying 7%. Her goal is to have $3,000.00.
Assume the interest rate remains the same while the account is open. Round all
answers to the nearest penny.
How much should be deposited each week?
Weekly Deposit
How much will be in the account at the end of the 5 years?
Future Matur
How much will she have deposited, in total?
How much interest, in total, will be earned?
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