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
Elaine's, line up your decimal and add zeros.
If you would like to know how many glasses of water does Evelyn drink in a year (1 year = 52 weeks), you can calculate this using the following steps:
8 glasses of water per day
56 glasses of water per week
x glasses of water per year = ?
x = 56 * 52 = 2912 glasses of water per year
Result: Evelyn drinks 2912 glasses of water per year.
Answer:
x=-3
Step-by-step explanation:
