Math  /  Algebra

QuestionFind the final amount of money in an account if $3,800\$ 3,800 is deposited at 7%7 \% interest compounded weekly and the money is left for 9 years. Use A=P(1+rn)ntA=P\left(1+\frac{r}{n}\right)^{n t}. (Hint: There are 52 weeks in a year.)
The final amount is $\$ \square - Round answer to 2 decimal places

Studdy Solution
Round the answer to 2 decimal places:
A ≈ $7,124.09
The final amount of money in the account after 9 years is:
$7,124.09

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