After several sleepless nights of on-line poker you've made quite a bit of money. You deposit the money into a brand new savings account which offers an annual percentage rate of 5¾% compounded weekly. You forget about the account and five years later find that it contains $20200. How much money did you originally deposit into the account? Give your answer as a decimal rounded to the nearest hundredth.
A) $14252.23
B) $15252.15
C) $18214.15
D) $15155.17
E) None of the above.
Correct Answer:
Verified
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