How much will laura accumulate in seven years
Problem
Laura saves $26 at the end of each week and deposits the money in an account paying 12% compounded semi-annually. How much will Laura accumulate in 7 years? How much of the accumulated amount is interest?
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Laura saves $26 at the end of each week and deposits the money in an account paying 12% compounded semi-annually. How much will Laura accumulate in 7 years?
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