Josie wants to be able to celebrate her graduation from CSULA in 5 years. She found an annuity that is paying 7%. Her goal is to have $3,000.00. 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?

Josie wants to be able to celebrate her graduation from CSULA in 5 years. She found an annuity that is paying 7%. Her goal is to have $3,000.00. 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?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 11PROB

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