SOLUTION: If Jeannie invests $7,250 at a rate of 12%, compounded weekly, find the value of the investment after 10 years.

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Question 1058998: If Jeannie invests $7,250 at a rate of 12%, compounded weekly, find the value of the investment after 10 years.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
If Jeannie invests $7,250 at a rate of 12%, compounded weekly, find the value of the investment after 10 years.
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A(t) = P(1+(r/n))^(n*t)
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A(10) = 7250(1+(0.12/52))^(10*52)
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A(10) = $24037.59
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Cheers,
Stan H.
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