Use the interest formula 4=P An investment offers 7.5% interest compounded weekly if the investor keeps the money untouched for a 3-year period. (This known as a certificate of deposit.) Round your answers to the nearest cent. Part: 0/2 Part 1 of 2 (a) How much would an initial investment of $4000 be worth at the end of the initial 3-year period? At the end of the initial 3-year period, the S4000 would be worth S

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
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Use the interest formula =P
An investment offers 7.5% interest compounded weekly if the investor keeps the money untouched for a 3-year period. (This
known as a certificate of deposit.) Round your answers to the nearest cent.
Part: 0/2
Part 1 of 2
(a) How much would an initial investment of $4000 be worth at the end of the initial 3-year period?
At the end of the initial 3-year period, the $4000 would be worth S
Transcribed Image Text:Use the interest formula =P An investment offers 7.5% interest compounded weekly if the investor keeps the money untouched for a 3-year period. (This known as a certificate of deposit.) Round your answers to the nearest cent. Part: 0/2 Part 1 of 2 (a) How much would an initial investment of $4000 be worth at the end of the initial 3-year period? At the end of the initial 3-year period, the $4000 would be worth S
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