Sara decides to set up a retirement fund by depositing 21


Sara decides to set up a retirement fund by depositing $21 at the end of each day for 17 years. How much will she have then, if the interest rate is 6.25% compounded weekly and her account starts with $14,500 already deposited?

Options:

A. 274014.18

B. 274034.18

C. 274054.18

D. 274074.18

 

E. None of the above

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Financial Accounting: Sara decides to set up a retirement fund by depositing 21
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