document.write( "Question 1102641: Determine the interest earned of a 12-year investment with an interest rate of 5.3% compounded weekly, if the Future value is $41800\r
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document.write( "A) 17 630.77 B) 356.07 C) 14 404.36 D) 19 663.67 \n" );
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Algebra.Com's Answer #717371 by Boreal(15235) You can put this solution on YOUR website! 41800=Po(1+.053/52)^624, since 624 weeks in 12 years (actually probably closer to 626, but shouldn't matter in answer.) \n" ); document.write( "Po=$22166.33 \n" ); document.write( "subtract that from 41800 to get interest and get 19 633.67 \n" ); document.write( "D. \n" ); document.write( " |