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?

Alright! So what we want to do is multiply 365 by 3 and you get 1095 now what you wanna do is divide that by 7 which is 156 now then you want to now divide 7 by 4000 and you get your answer! I hoped this helped I made a little mistake if you multiplty 3.66 by 1095 you get 4000.7 but that is still 4K

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chilljain33 chilljain33 · Answer 2 · 2022-02-19T06:18:19+01:00

If $4000 are to be accumulated at the end of three years, one will have to start weekly savings of approximately $25.64 assuming there are 156 weeks in a period of three years.

What are savings?

Savings are such part of income or monies which are kept aside by a person and the person does not intend to spend anytime soon in the near future.

In the above example, the accumulation goal is $4000 at the end of three years. There are 52 weeks in one year and, hence, 156 weeks in a period of three years.

Now, by applying the given information to the formula below, the weekly savings will be calculated as,

[tex]\rm Weekly\ Savings = \dfrac{Amount}{No.\ of\ Weeks}\\\\\rm Weekly\ Savings = \dfrac{4000}{156}\\\\\rm Weekly\ Savings = $25.64[/tex]

Hence, it can be concluded that weekly savings of $25.64 will be required to accumulate $4000 at the end of three years with a goal to start investing.

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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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What are savings?

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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?