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Tatiana [17]
3 years ago
9

If Jeannie invests $7,250 at a rate of 12%, compounded weekly, find the value of the investment after 10 years. $24,037.59 $16,0

27.44 $22,517.40 $24,070.85... 25 POINTS ANSWER FAST!
Mathematics
2 answers:
Karolina [17]3 years ago
8 0
Hi there!

• Principle amount, P = $ 7, 250

• Rate of interest, r = 12 %

• No. of weeks in an year, n = 52

• Time period, t = 10 years

Aₜ = P [ 1 + (\dfrac {r}{n}) ] ᴺ ˣ ᵀ

A₁₀ = 7, 250 [ 1 + (\dfrac {0.12}{52}) ] ⁵² ˣ ¹⁰

Simplifying :-

A₁₀ = $ 24,037.59

Hence,
Option [ 1. ] - $ 24,037.59 is Correct

~ Hope it helps!
elena55 [62]3 years ago
3 0

option 1 is correct,

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