Question

The M.A.T.H. Company has a savings plan for their employees. If an employee makes an initial contribution of $2500

and the company pays 7.5% interest compounded weekly, how much will the employee have after 10 years?
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Answer 1

Answer:I don’t have a calculator that can do this with me, but just type what I wrote in the step by step section into the calculator

Explanation:

2500(1+(0.075/52))^(52•10)

Bc the formula is initial amount(1+(rate of interest/times compounded each year))^(times compounded each year• years)