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Rachael deposits her inheritance of $45,000 into a savings account which has an annual interest...

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Accounting

Rachael deposits her inheritance of $45,000 into a savings account which has an annual interest rate of 3.9%, with interest compounded weekly, for a period of 7 years.

(a) (8 points) How much money will Rachael have in her account after 7 years?

(b) (4 points) How much interest does Rachael earn on her investment?

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