Question 17 An investment of $5 pays interest of 3.5% per week. What will be the value of this investment at the end of 3 years? (assume 52 weeks in one year) OA. $1070.7 OB. $734.5 OC. $112.2 OD. $1318.8
Question 17 An investment of $5 pays interest of 3.5% per week. What will be the value of this investment at the end of 3 years? (assume 52 weeks in one year) OA. $1070.7 OB. $734.5 OC. $112.2 OD. $1318.8
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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![Question 17
An investment of $5 pays interest of 3.5% per week. What will be the value of this investment at the end of 3 years? (assume 52 weeks in one year)
OA. $1070.7
OB. $734.5
OC. $112.2
OD. $1318.8](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8f32f98-db04-4257-ac4a-80be71e1128d%2Fa191b7c3-634f-4909-bd32-aaa2d15f03f8%2Fn16s69b3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 17
An investment of $5 pays interest of 3.5% per week. What will be the value of this investment at the end of 3 years? (assume 52 weeks in one year)
OA. $1070.7
OB. $734.5
OC. $112.2
OD. $1318.8
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