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Asked by jim

how much needs to be saved weekly in order to have $30,000 in 5 years in an account that pays 6% compunded weekly? I need the formula.
12 years ago

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Answered by Steve
P(1+.06/52)^(52*5) = 30000
P = 22228.39
12 years ago
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how much needs to be saved weekly in order to have $30,000 in 5 years in an account that pays 6% compunded weekly? I need the formula.

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