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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? O A. $I = Prt$ O B. $A = P(1+rt)$ O C. $A = P(1+i)^n$, $i = \frac{r}{m}$, $n = mt$ O D. $r_{eff} = (1 + \frac{r}{m})^m - 1$ O E. $r_{eff} = (\frac{A}{P})^{1/t} - 1$ O F. $S = R[\frac{(1+i)^n - 1}{i}]$ O G. $P = R[\frac{1 - (1+i)^{-n}}{i}]$

          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?
O A. $I = Prt$
O B. $A = P(1+rt)$
O C. $A = P(1+i)^n$, $i = \frac{r}{m}$, $n = mt$
O D. $r_{eff} = (1 + \frac{r}{m})^m - 1$
O E. $r_{eff} = (\frac{A}{P})^{1/t} - 1$
O F. $S = R[\frac{(1+i)^n - 1}{i}]$
O G. $P = R[\frac{1 - (1+i)^{-n}}{i}]$
        
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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?
O A.I = PrtO B.A = P(1+rt)O C.A = P(1+i)^n,i = (r)/(m),n = mtO D.reff = (1 + (r)/(m))^m - 1O E.reff = ((A)/(P))^1/t - 1O F.S = R[((1+i)^n - 1)/(i)]O G.P = R[(1 - (1+i)^-n)/(i)]

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Elementary and Intermediate Algebra
Elementary and Intermediate Algebra
Alan S. Tussy, R. David Gustafson 5th Edition
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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]
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Transcript

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00:01 So first we want to determine our number of periods.
00:03 Since our withdrawals are weekly and our duration is four years, we're going to get that our n is equal to 52 times 4, which is 280 weeks.
00:13 Now we need to determine our interest rate.
00:16 We need to take our interest rate of 8 .5 % and divide it by 52.
00:21 Then we also want to convert this to a decimal by dividing it by 100...
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