document.write( "Question 1088195: If $14000 is invested at a rate of 3.4% per year compounded weekly, find the value of the investment at each given time and found to the nearest cent. Use either A=P(1+r/n)^nt or A=Pe^rt.
\n" ); document.write( "(a) after 1 month, A= $____.
\n" ); document.write( "(b) after 18 months, A=$_____. (c) after 34 years, A=$_____. \n" ); document.write( "

Algebra.Com's Answer #704462 by EMStelley(208) $\"\"$ $\"About$

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Part a) is after 1 month. So P is 14000, r is 0.034, n = 12, and t = 1/12 (one month is 1/12 of a year and t is measured in years).
\n" ); document.write( " $\"A+=+14000%281+%2B+0.034%2F12%29%5E%2812%281%2F12%29%29\"$
\n" ); document.write( " $\"A+=+14000%281.0028333%29+=+14039.67\"$
\n" ); document.write( "Part b) changes t = 1.5
\n" ); document.write( " $\"A+=+14000%281+%2B+0.34%2F12%29%5E%2812%281.5%29%29+=+14731.46\"$
\n" ); document.write( "And part c changes t = 34
\n" ); document.write( " $\"A+=+14000%281+%2B+0.34%2F12%29%5E%2812%2834%29%29+=+44408.14\"$ \n" ); document.write( "

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