Pauline graduated and got a great job. She started saving regularly the first week of January...

  

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Pauline graduated and got a great job. She started saving regularly the first week of January and was able to deposit $50 each week into an account earning 5.2% interest compounded weekly. She did this for a full year before getting a raise and increasing her deposits. Below is the future value of the annuity (at some point during the year). 50+50(1.001) +50(1.001)²+...+50(1.001) +50(1.001)10 When was the deposit corresponding to the term 50(1.001)² made? Do not give the calendar date. Rather give the number of the week of the deposit (as in week 1, week 2, and so on).< Pauline graduated and got a great job. She started saving regularly the first week of January and was able to deposit $50 each week into an account earning 5.2% interest compounded weekly. She did this for a full year before getting a raise and increasing her deposits. Below is the future value of the annuity (at some point during the year). 50+50(1.001) +50(1.001)²+...+50(1.001) +50(1.001)10 When was the deposit corresponding to the term 50(1.001)² made? Do not give the calendar date. Rather give the number of the week of the deposit (as in week 1, week 2, and so on).<

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The deposit corresponding to the term 5010012 was made in week 2 Heres how we ca... View the full answer