How do you find the amount for the weekly deposits?

SoccerBoss
Category:
Statistics
Price: $5 USD

Question description

Sarah wants to start a college savings account for her daughter. Her goal is to have $150,000 saved in 12 years. If she plans to make weekly deposits into the account which earns 4.5% APR compounded weekly, how much should her weekly deposits be? Assume the last deposit does not earn interest.

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(Top Tutor) Daniel C.
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