Answer:
FV= $34,222.33
Step-by-step explanation:
<u>First, we need to calculate the weekly interest rate:</u>
Weekly interest rate= 0.0289/52= 0.00056
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= weekly deposit
n= 15*52= 780
A= $35
FV= {35*[(1.00056^780) - 1]} / 0.00056
FV= $34,222.33
Answer:
Step-by-step explanation:
- Amount in account = a
- Interest rate = 3% per month
<u>Amount after a month:</u>
1. ........................
2. ........................
14 2/8 should probably be your answear
The answer to the problem is 17