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
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