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You deposit 6000 in an account earning 4.5% interest compounded weekly. How much will you have in the account in 6 years from now?

Solución

You deposit 6000 in an account earning 4.5% interest compounded weekly. How much will you have in the account in 6 years from now?

Solución

Amount : 7858.87

Pasos de solución

Translate the problem into an equation:

A = 6000 (1 + \frac{0.045}{52})^{52 \cdot 6}

6000 (1 + \frac{0.045}{52})^{52 \cdot 6} = 7858.86905 \dots

Round to the nearest hundredth:

7858.87

Amount : 7858.87

Ejemplos populares

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