Josie wants to be able to celebrate her graduation from CSULA in 5 years. She found...

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Josie wants to be able to celebrate her graduation from CSULA in 5 years. She found an annuity that is paying 4%. Her goal is to have $4,000.00. Assume the interest rate remains the same while the account is open. Round all answers to the nearest penny. How much should be deposited each week? Weekly Deposit $ How much will be in the account at the end of the 5 years? Future Value $ How much will she have deposited, in total? Total $ How much interest, in total, will be earned? Interest $ If Josie wanted to make a single deposit into a savings account that earns 4% compounded weekly to reach her goal, how much would that deposit be? Single Deposit $ Josie wants to be able to celebrate her graduation from CSULA in 5 years. She found an annuity that is paying 4%. Her goal is to have $4,000.00. Assume the interest rate remains the same while the account is open. Round all answers to the nearest penny. How much should be deposited each week? Weekly Deposit $ How much will be in the account at the end of the 5 years? Future Value $ How much will she have deposited, in total? Total $ How much interest, in total, will be earned? Interest $ If Josie wanted to make a single deposit into a savings account that earns 4% compounded weekly to reach her goal, how much would that deposit be? Single Deposit $

Answer rating: 100% (QA)

To calculate the weekly deposit required to reach Josies goal we can use the formula for the future value of an annuity Weekly Deposit Future Value 1 1 interest ratenumber of periods interest rate Giv... View the full answer