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14 September, 07:49

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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  1. 14 September, 09:26
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    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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