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Popular >

you deposit 10,000 into an account that compounds weekly with an annual rate of 5.2%, How much money will be in the account in 6 years?

Solución

you deposit 10, 000 into an account that compounds weekly with an annual rate of 5.2%, How much money will be in the account in 6 years?

Solución

Amount : 13659.42

Pasos de solución

Translate the problem into an equation:

A = 10000 (1 + \frac{0.052}{52})^{52 \cdot 6}

10000 (1 + \frac{0.052}{52})^{52 \cdot 6} = 13659.41731 \dots

Round to the nearest hundredth:

13659.42

Amount : 13659.42

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