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인기 있는 Word Problems >

Angela deposits 4500 into an account with an APR of 3.3% for 8 years. Find the future value of the account if interest is compounded weekly. Round your answer to two decimal places.

해법

A n g e l a d e p os i t s 4500 in t o an a cco u n t w i t h an A PR o f 3.3% f or 8 ye a rs . F in d t h e f u t u re v a l u e o f t h e a cco u n t i f in t eres t i s co m p o u n d e d w ee k l y . R o u n d yo u r an s w er t o tw o d ec ima l pl a ces .

해법

Amount : 5859.09

솔루션 단계

Translate the problem into an equation:

A = 4500 (1 + \frac{0.033}{52})^{52 \cdot 8}

4500 (1 + \frac{0.033}{52})^{52 \cdot 8} = 5859.08625 \dots

Amount : 5859.08625 \dots

동그란

5859.08625 \dots

가장 가까운 곳에2 decimal places:

5859.09

Amount : 5859.09

인기 있는 예

The 차이 between five and twice a number, x, is one.the 차이 between seven and the product of five and a number is thirty-seven 60 is 25% of what number A couple deposits 15,000into an account earning 5% annual interest for 20 years. Calculate the future value of the investment if the interest is compounded weekly. Round your answer to the nearest cent.The product of two consecutive positive even integers is 528. Find the two integers.