Angie needs to have $15,000 at the end of 6 years. How much should she deposit weekly into an ordinary annuity if it earns 6.5% interest compounded weekly?

1 answer

This time you want future amount

i = .065/52 = .00125

P( 1.00125^312 - 1)/.00125 = 15000

...

P = 39.34

weekly payment is $39.34