Emily found another investment that calculates interest
WEEKLY instead of annually.
INVESTMEN...
Mathematics, 26.03.2021 20:00 devinluck100
Emily found another investment that calculates interest
WEEKLY instead of annually.
INVESTMENT
A. The advertised annual interest rate is 12%. What
percent do you think should be paid each week? Hint:
there are 52 weeks in a year.
B. Calculate the amount in Emily's account each week.
Round each value to the nearest cent.
Months since
$100 invested
Account Balance
C. What percent did Emily actually make on her initial
$100 investment at the end of the year?
Answers: 2
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