Joe invests in a fund with weekly deposits of $25 each at the end of each week.
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Question:
Joe invests in a fund with weekly deposits of $25 each at the end of each week. The interest rate is at 5% p.a. compounded continuously.
Find the number of deposits and the extra deposit required at the final deposit by Joe in order to accumulate to $100000.
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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