Asked by Leah
Forty eight weeks ago, Gabriella invested money at 3.9% interest, compounded weekly. Today, her investment is worth $225.50. How much interest has Gabriella's account earned in the past 48 weeks?
Answers
Answered by
Reiny
PV( 1.00075)^48 ) = 225.50
PV = $217.53
PV = $217.53
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