I'm working on the same thing right now and I'm using every resource in my hands right now to find a solution. I will edit this post when I have more. If you need any more help I have completed the previous activity and most of this one.
EDIT:
Ok so I checked with somebody who is pretty good with math and they said that 5x=5x would be right. Not too sure but that's what I'm putting.
I put EVERYTHING for this assignment in comments down below. Geez all of this for 5 freakin points.
It would be 21 as a percent and 0.21 as a decimal
Answer:
$46,141.71
Step-by-step explanation:
This looks about right, based on weekly deposits for the duration. However, I cannot vouch for it entirely, as the number of weekly deposits in 15 years will actually be 782.
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Computing this by hand doing the initial balance separately from the weekly deposits, I get a total of $46,252.10 using 782 weekly deposits. For that purpose, I tried to figure an equivalent weekly interest rate given monthly compounding and the fact there are 52 5/28 weeks in a year on average.
I suspect the only way to get this to the cent would be to build a spreadsheet with payment dates and interest computation/payment dates. Some months, there would be 5 deposits between interest computations; some years there would be 53 deposits.