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
0.706 is the answer to your problem
Answer:
y = 3/4x + 2
Step-by-step explanation:
to find the slope its rise over run and you go up 3 and run 4 to get 3/4. then you just look on the y axis and see that the line passes 2. so that is the answer
