let her payment be p
i = .065/52 = .00125
p( (1.00125^312 - 1 )/.00125 = 15000
solve for p
You should get p = 78.68
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