Question

Find the present value of $10,000 if interest is paid at a rate of 4% per year, compounded weekly, for 3 years. (Round your answer to the nearest cent.)

Answer 1

Hold on I'm
Working it out

Answer 2

Thanks!

Answer 3

This is my
Work

Answer 4

I got about 10,023.1 is that a choice?

Answer 5

10,000(1+ .04/52)^10
=10,023.1

Answer 6

It's not multiple choice, on web assign. I'll try it

Answer 7

Tell me
If it's right lol

Answer 8

no :( darn!

Answer 9

What class is that for because I just got done learning this in my class

Answer 10

Damn it okay hold on

Answer 11

Math 111 college algebra

Answer 12

Well this is what I got lol sorry for not helping much I tried

Answer 13

I KNOW WHAT I DID WRONG HOLD ON

Answer 14

Okay haha

Answer 15

This is your correct answer I forgot to multiple the exponent by 52 also

Answer 16

Damn no more attempts! it was 8869.61

Answer 17

11,274.4484
Idk how you need to round it so

Answer 18

I read the question wrong I didn't know it said your present value was 10,000 I thought it said he invested 10,000

Answer 19

just my luck haha no worries!

Answer 20

Hey do you know how to get a formula for this?

Answer 21

Function*

Answer 22

I honestly have no idea about that ask it one here as a question

Answer 23

Sorry lol

Answer 24

No worries! thanks anyway!