Homework Help: math

Posted by jim on Wednesday, February 13, 2013 at 1:52pm.

how much needs to be saved weekly in order to have $30,000 in 5 years in an account that pays 6% compunded weekly? I need the formula.

math - Steve, Wednesday, February 13, 2013 at 3:11pm
P(1+.06/52)^(52*5) = 30000
P = 22228.39

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