You want to establish an account from which you can withdraw $200 weekly for 4 years. The account will invest at 8.1% per year compounded weekly. How large must the account be?
Part 1 of 2
Which formula should be used to find how large the account must be?
A. I=Prt
B. A=P(1+rt)
C. A=P(1+i)^(n),i=(r)/(m),n=mt
D. r_(eff)=(1+(r)/(m))^(m)-1
E. r_(eff )=((A)/(P))^((1)/(t))-1
F. S=R[((1+i)^(n)-1)/(i)]
G. P=R[(1-(1+i)^(-n))/(i)]
You want to establish an account from which you can withdraw $200 weekly for 4 years. The account will invest at 8.1% per year compounded weekly. How large must the account be?
Part 1 of 2
Which formula should be used to find how large the account must be? OA.I=Prt OB.A=P(1+rt) Oc.A=P(1+i)^,i=5,n=mt 1-+-m OE.ren=-1 OF.S=R[1+-1] OG.P=R[1-1p]