
Mark M. answered 04/16/20
Mathematics Teacher - NCLB Highly Qualified
A = 10000(1 + 0.09)5
Can you calculate and answer?
Erik V.
asked 04/16/20Find the present value of $10,000 if interest is paid at a rate of 9% per year, compounded weekly, for 5 years (Round your answer up to the nearest cent.)
Mark M. answered 04/16/20
Mathematics Teacher - NCLB Highly Qualified
A = 10000(1 + 0.09)5
Can you calculate and answer?
Patrick B. answered 04/16/20
Math and computer tutor/teacher
10000 * (1 + 9/(100*52))^(5*52) =
10000 * (1 + 9/5200)^(260) =
10000 * ( 5209/5200)^260
=15677.02
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