Math Problem Statement
You deposit $4,990 in an account earning 3.8% interest compounded weekly. How much will you have in the account in 21 years? How much interest will you earn?
Solution
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Math Problem Analysis
Mathematical Concepts
Compound Interest
Exponential Growth
Formulas
A = P(1 + r/n)^(nt)
Theorems
Compound Interest Theorem
Suitable Grade Level
Grades 10-12
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