Asked by lijm

Jonathan wants to have $14,300 in 6 years. How much money should he deposit into an account paying 6.2% yearly interest, compounded weekly, to meet this goal?

So I must use A=P (1+r/m)^mt?
Since his future value/A is 14,300, I must find p?
A= 14,300 t=6 r=0.062 m=52

Answers

Answered by Reiny
P(1 + .062/52)^312 = 14300
etc

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