You have decided to save $30 a week for the next three years as an emergency fund. You can earn 3.5% compounded weekly. How much would you have to deposit in one lump sum today to have the same amount in your savings at the end of three years?
A) $4,288.87
B) $4,305.19
C) $4,382.74
D) $4,414.14
E) $4,441.26
Correct Answer:
Verified
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