How much will you have in your account after 10 years if the interest is compounded weekly?
March, 2023$10,000.00$0.00$10,000.00
April, 2023$10,100.00$25.47$10,125.47
May, 2023$10,200.00$51.27$10,251.27
June, 2023$10,300.00$77.38$10,377.38
View 237 more rows
10 years x 52 weeks ==520 weeks
FV ==PV * [ 1 + R/m]^(n*m)
FV ==3,000 * [1 + 0.035/52]^(10*52)
FV ==3,000 * [ 1.000673076923]^520
FV ==3,000 * 1.41890048361
FV==$4,256.70 - your account balance after 10 years at 3.5% compounded weekly.
