The assistant to the president of an executive search firm starts a saving plan by depositing $65 at the beginning of each week into an account that earns an annual interest rate of 4.75% compounded weekly. Find the value (in dollars) of this investment after 7 years. (Round your answer to the nearest cent.)

The assistant to the president of an executive search firm starts a saving plan by depositing $65 at the beginning of each week into an account that earns an annual interest rate of 4.75% compounded weekly. Find the value (in dollars) of this investment after 7 years. (Round your answer to the nearest cent.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 25P

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