A certain account pays 3.12% interest, compounded weekly. Audrey wishes to invest money into this account today so that she will be able to withdraw $100 every week for the next year. a) How much must she invest today? b) How much interest does she earn?

Answer rating: 100% (QA)

To calculate how much Audrey must invest today and the interest she will earn we can use the concept ... View the full answer