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November 23, 2014

Homework Help: math formula?

Posted by Aly on Thursday, January 20, 2011 at 5:20pm.

Mary would like to save $10 000 at the end of 5 years for a future down payment on a car. How much should she deposit at the end of each week in a savings account that pays 12%/a, compounded monthly, to meet her goal?

d. Determine the weekly deposit without technology.

Can someone provide me with the formula please?

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