Answer: $58,088.57
Step-by-step explanation:
The investment is compounded weekly so you need to change the parameters of the equation to a weekly figure:
Interest rate is yearly so:
= 3.75%/52
= 3.75/52% per week
Number of periods is 4 years so:
= 4 * 52
= 208 weeks
Future value in 4 years is:
= 50,000 * ( 1 + 3.75/52%)²⁰⁸
= $58,088.57
Answer:
1: False.
2: False.
3: True.
4: False.
5: False.
6: False.
Step-by-step explanation:
:)
:)
:)
Hope this helps!
Answer:15/2
Step-by-step explanation:
