How much interest does rachael earn on her


Rachael deposits her inheritance of $45,000 into a savings account which has an annual interest rate of 3.9%, with interest compounded weekly, for a period of 7 years.

(a) How much money will Rachael have in her account after 7 years?

(b) How much interest does Rachael earn on her investment?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: How much interest does rachael earn on her
Reference No:- TGS02362533

Expected delivery within 24 Hours