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Maggs invests $10,250 at a rate of 9%, compounded weekly. To the nearest whole dollar, find the value of the investment after 7 years. $10,375 $11,208 $18,737 $19,230

Respuesta :

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T = Total

P = Principal 

R = Rate 

Y = Years

T = P* (1+ r/n)^(y*n)

n=52 

T = 10,250 * (1. 0.002)^(364)

T = 10,250 * 1.877

T = 19,235.03

Your answer is $19,253.03

Hope I helped!

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~ Zoe (Rank:'Genius')

Answer:

the correct answer is 19,230

Step-by-step explanation:


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