Question

Find the final amount of money in an account if $ 3 , 500 is deposited at 7.5 % interest compounded weekly and the money is left for 9 years. The final amount is $ . Round answer to 2 decimal places.

Name: find the final amount of money in an account if 3 500 is deposited at 75 interest compounded weekly and the money is left for 9 years the final amount is round answer to 2 decimal places 77548
Uploaded: 2022-07-13T02:52:12-08:00
Duration: 2 min 1 s
Channel: Kathleen Carty
Description: find the final amount of money in an account if 3 500 is deposited at 75 interest compounded weekly and the money is left for 9 years the final amount is round answer to 2 decimal places 77548

          Find the final amount of money in an account if $ 3 , 500 is
deposited at 7.5 % interest compounded weekly and the money is left
for 9 years. The final amount is $ . Round answer to 2 decimal
places.

Added by Jose Antonio B.

Precalculus with Limits

Ron Larson 2nd Edition

Instant Answer

Solved by Expert Kathleen Carty

07/13/2022

Step 1

5% = 0.075 (as a decimal) - Compounding periods per year (n) = 52 (weekly compounding) - Time (t) = 9 years ** Show more…

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Find the final amount of money in an account if $ 3 , 500 is deposited at 7.5 % interest compounded weekly and the money is left for 9 years. The final amount is $ . Round answer to 2 decimal places.