You plan to invest 1250 in a money market account which, Financial Management

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You plan to invest 1250 in a money market account which

You plan to invest $1,250 in a money market account which will pay an annual stated (simple) interest rate of 8.75 percent, but which compounds interest on a weekly basis. If you leave this money on deposit for two years, what will be your ending balance when you close the account?

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