4 years ago

If Julie invests $9,250 at a rate of 7%, compounded weekly, find the value of the investment after 5 years

1 answer:

5 0

Total = Principal * (1 + rate/n)^n*years where "n" is the number of compounding periods
Total = 9,250 * (1 + .07/52)^52*5
Total = 9,250 * (1.0013461538)^260
Total = 9,250 * 1.418733571 
Total = 13,123.29
Source: Compound Interest Formulas
http://www.1728.org/compint3.htm

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Using the Distance Formula and the Pythagorean Theorem, find the distance, to the nearest tenth, from F

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