Question

Complete the table below giving the amount P that must be invested at interest rate 11.5 % compounded weekly..?
to obtain a balance of A = $80000 in t years.

1
10
20
30
40
50

Answer 1

use the formula A=P(1+r)^n

Answer 2

A=total amount
P = initial investment.

Answer 3

n=number of time periods.
r=rate per time period.