exponential and Log 6

Question

Find the final amount of money in an account if  is deposited at  interest compounded weekly and the money is left for  years.The final amount is $ . Round answer to 2 decimal places

Answer 1

Here's the formula: fv=p(1+int/c)^(nt)

future value

principal

int (decimal form)

compound

yrs

times/yr

=$2992.94

It'd be better if you could get the interest of a credit card =19.99%.