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$6120 at 0.12% per week, for 28 weeks, compounded weekly.

 Jun 21, 2016
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$6120 at 0.12% per week, for 28 weeks, compounded weekly

 

FV=PV[1 + R]^N

FV=6120[1 + 0.12/52]^28

FV=6120 x 1.002307692^28

FV=6120 x 1.06666925

FV=$6,528.02

 Jun 21, 2016

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