Miller will deposit $3,000 in the bank for 18 years. The Bank pays 6.7% per year, but it compounds the money weekly. Wha

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answerhappygod
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Miller will deposit $3,000 in the bank for 18 years. The Bank pays 6.7% per year, but it compounds the money weekly. Wha

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Miller will deposit $3,000 in the bank for 18 years. The Bank
pays 6.7% per year, but it compounds the money weekly. What is the
value of the account after this period (to the nearest cent) ? Use
52 weeks in one year for your calculations. Hint: To get this
correct, you can not truncate intermediate calculations because you
will not be precise enough in your final answer. To avoid problems
store intermediate results in memory or write down all the
significant digits and then renter all of them to continue.
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