Assume you want to accumulate 4,000 to begin investing at the end of three years how much money would you need to save every week to accomplish that goal

Question

Mathematics

Christian Rich

29 March, 01:33

Assume you want to accumulate 4,000 to begin investing at the end of three years how much money would you need to save every week to accomplish that goal

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Answers (1)

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Eliana Ray · Answer 1

there are about 52 weeks in a year

in 3 years, there are 52*3=156 weeks

money saved per week=money/weeks=4000/156=$25.641

so you should save about $25.64 per week to get close to 4000