Question

HELP FAST WILL MARK BRAINLIEST

Answer 1

Answer:

$\ 1,282.28$  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

$A=P(1+\frac{r}{n})^{nt}$  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

$t=25\ years\\ A=\ 20,000\\ r=0.11\\n=52$  

substitute in the formula above  

$20,000=P(1+\frac{0.11}{52})^{52*25}$  

$20,000=P(1.0021)^{1,300}$  

$P=20,000/(1.0021)^{1,300}$  

$P=\ 1,282.28$