Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

John needs $10,000 to buy a used car. How long does it take for his investment of $5,000 to reach $10,000 in value if it is invested at 8% compounded weekly? Round your answer to the nearest year.

Sagot :

triceracop0500

Answer: It would take 13 weeks

Step-by-step explanation: if he is putting in an investment of $5000 and he is trying to reach $10000 here is what you do.

Find out what 8% of 5000 is, which is 400.

Multiply that by 13, which is 5200.

Add that together and boom.

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.