Question: You make a one-time $2,000 deposit into an account which pays 7% compounded weekly. If you don't touch the account for 6 years, what will

You make a one-time $2,000 deposit into an account which pays 7% compounded weekly. If you don't touch the account for 6 years, what will be the final balance at the end of the term?


Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Okay lets calculate the final balance after 6 years with a 2000 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!