document.write( "Question 883092: Stephen also invests $500 at 5%/a for 5 years but with compound interest that compounds weekly. What is the final value of her investment? \n" ); document.write( "
Algebra.Com's Answer #533332 by jim_thompson5910(35256) ![]() You can put this solution on YOUR website! I'm assuming the problem should be:\r \n" ); document.write( "\n" ); document.write( " \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "If so, then...\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "FV = PV*(1+r/n)^(n*t)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "FV = 500*(1+0.05/52)^(52*5)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "FV = 641.935597415173\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "FV = 641.94\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The final value of her investment is $641.94 \n" ); document.write( " |