How much interest does rachael earn on her investment

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Reference no: EM131566988

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) How much money will Rachael have in her account after 7 years?

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

Reference no: EM131566988

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