what will the deposit have to be if you want to have 12000 in an account that will earn 8.55% compounded weekly at the end of 5 years

Parth Mehta asked Sep 3, 2023

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Parth Mehta asked Sep 3, 2023

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26 votes

Given:

The expected deposit =?

This is also referred to the principal

r = rate = 8.55%

t = time = 5years

n = we

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