If your savings account earn an annual rate of 5.5% compounded weekly, how much did you deposit

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If your savings account earn an annual rate of 5.5% compounded weekly, how much did you deposit 10 years ago if your account's present balance is $125,000?

a. $72,139.69

b. $85,000.57

c. $100,059

d. None of the above

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Question Posted: Aug 26, 2013 04:20 AM

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If your savings account earn an annual rate of 5.5% compounded weekly, how much did you deposit

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a 7213969 Computation of the following Calculation of amount 125000 ...View the full answer

Introduction To Corporate Finance

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