+0  
 
0
1029
2
avatar+4 

Judy invests $8,500 at 10% compounded weekly. How much is in this account after 15 years? Is this right? im not sure how to compound weekly interest 8500*(1+.10/52)^52*15 = 140895.76

 Apr 14, 2016
 #2
avatar
0

FV=PV[1 + R ]^N

FV=8,500[1 + 0.10/52]^15*52

FV=8,500[1 + 0.001923077]^780

FV=8,500[1.001923077]^780

FV=8,500 x 4.475238

FV=$38,039.52

 Apr 14, 2016

1 Online Users