kstark81923 kstark81923

25-02-2020
Mathematics

contestada

If Jeannie invests $7,250 at a rate of 12%, compounded weekly, find the value of the investment after 10 years.

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minatohazaifa4 minatohazaifa4

25-02-2020

Answer:

A(10)=$24037.59

Step-by-step explanation:

A(t) = P(1+(r/n))^(n*t)

A(10) = 7250(1+(0.12/52))^(10*52)

A(10) = $24037.59

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