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Ierofanga [76]
4 years ago
7

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. $10,375 $11,208 $18,737 $19,230
Mathematics
2 answers:
melomori [17]4 years ago
5 0
T = Total

P = Principal 

R = Rate 

Y = Years

T = P* (1+ r/n)^(y*n)

n=52 

T = 10,250 * (1. 0.002)^(364)

<span>T = 10,250 * </span><span>1.877
</span>
<span><span>T = </span>19,235.03

Your answer is $19,253.03

</span>Hope I helped!

Let me know if you need anything else!

<span>~ Zoe (Rank:'Genius')</span><span>

</span>
Over [174]4 years ago
3 0

Answer:

the correct answer is 19,230

Step-by-step explanation:


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