Angela deposits 2000 into an account with an APR of 4.9% for 11 years. Find the future value of the account if interest is compounded weekly. Round your answer to two decimal places.

Solución

Solución

Amount : 3427.71

Pasos de solución

Translate the problem into an equation:

A = 2000 (1 + \frac{0.049}{52})^{52 \cdot 11}

2000 (1 + \frac{0.049}{52})^{52 \cdot 11} = 3427.71338 \dots

Amount : 3427.71338 \dots

Redondear

3427.71338 \dots

al más cercano a 2 posiciones decimales:

3427.71

Amount : 3427.71

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