What will $205,000 grow to be in 8 years if it is invested today in an account with a quoted annual interest rate of 13% with weekly compounding of interest? $544,981.06 $579,237.24 $706,669.44 $497,676.70 $829,467.73
What will $205,000 grow to be in 8 years if it is invested today in an account with a quoted annual interest rate of 13% with weekly compounding of interest? $544,981.06 $579,237.24 $706,669.44 $497,676.70 $829,467.73
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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![What will $205,000 grow to be in 8 years if it is invested today in an account with a
quoted annual interest rate of 13% with weekly compounding of interest?
$544,981.06
$579,237.24
$706,669.44
$497,676.70
$829,467.73](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F567cd268-7e1f-4dc4-aa88-1b5bb6b4c3e8%2Fb46b5ed3-1f36-4189-95e8-18abeedd992e%2Fl586q6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What will $205,000 grow to be in 8 years if it is invested today in an account with a
quoted annual interest rate of 13% with weekly compounding of interest?
$544,981.06
$579,237.24
$706,669.44
$497,676.70
$829,467.73
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