Question

Maggs invests $10,250 at a rate of 9%, compounded weekly. To the nearest whole dollar, find the value of the investment after 7 years

Answer 1

Total = Principal * (1 + rate /52) ^ 52*years
Total = 10,250 * ( 1.0017307692) ^ 364
Total = 10,250 * 1.8765883784
Total = 19235.03

Source:
http://www.1728.org/compint.htm