document.write( "Question 288277: Plz can you help me i'm completly lost. My question is :You deposit $3500 into an account that pays 3.5% annual interest , compounded weekly. How much will you have after 8 years? \n" ); document.write( "
Algebra.Com's Answer #208992 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! :You deposit $3500 into an account that pays 3.5% annual interest , compounded weekly. How much will you have after 8 years? \n" ); document.write( ": \n" ); document.write( "The compound interest formula: A = P*(1+ \n" ); document.write( "Where \n" ); document.write( "A = final amt \n" ); document.write( "P = initial amt \n" ); document.write( "r = interest rate in decimals \n" ); document.write( "n = number of periods per year (weekly is 52) \n" ); document.write( "t = no. of years \n" ); document.write( ": \n" ); document.write( "A = 3500(1 + \n" ); document.write( ": \n" ); document.write( "A = 3500(1.0006731)^416 \n" ); document.write( ": \n" ); document.write( "A = 3500*1.323 \n" ); document.write( ": \n" ); document.write( "A = $4630.50 \n" ); document.write( " |