4 Saving to open a business Madeline feels trapped in her current job and decides...

60.1K

Verified Solution

Question

Basic Math

image

4 Saving to open a business Madeline feels trapped in her current job and decides to save 75 000 over the next 7 yr to open up a Harley Davidson franchise To this end she invests 145 every week in an account paying 7 interest compounded weekly a Is this weekly amount sufficient to help her meet the 7 yr goal b If not find the minimum amount she needs to deposit each week that will enable her to meet this goal in 7 yr

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students