1) You have decided to put a $100 a week into a savings account that offers 2.6% compounded weekly. How much would you have in your account after 6 years?
2) Using problem 2 how much would you have if you were to make your first payment today, i.e. made it into an annuity due problem?1) You have decided to put a $100 a week into a savings account that offers 2.6% compounded weekly. How much would you have in your account after 6 years?
2) Using problem 2 how much would you have if you were to make your first payment today, i.e. made it into an annuity due problem?