You are trying to save for your first trip to Zambia. You k…
You are trying to save for your first trip to Zambia. You know you can invest 10% of your weekly income into a savings account at Riptue Off National Bank; it is advertising a rate of 3% with weekly compounding (assume 52 weeks in a year). You make $200 each week and just got paid today; you intend to put your first payment in today and then every week for the next 36 weeks. If you intend to put the last payment in at the end of the 36th week, how much will you have saved for your trip at that time?
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