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
You have to take the percentage of the original price and subtract it to find the reduced price
Answer:
2,3,5,6
Step-by-step explanation:
4926.25965251
I used a calculator because it makes solving this much easier
Use the formula y2 -y1/x2-x1