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what will be the accumulated amount if an initial investment of $2500 earns 4.8% interest compounded weekly for 15 years?
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what will be the accumulated amount if an initial investment of $2500 earns 4.8% interest compounded weekly for 15 years?

User Yate
by
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1 Answer

3 votes

Answer:

5.1586519e+18 is the answer.

Explanation:

782.143 weeks in 15 years

2500 (1+.048)^752.143

User Slavenko Miljic
by
6.5k points
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