If you place $50 in a savings account with an interest rate of 7% compounded wee

Question

If you place $50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to the nearest dollar)? Answer $72 $70 $71 $57 If you place $50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to the nearest dollar)? Answer $72 $70 $71 $57 If you place $50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to the nearest dollar)? $72 $70 $71 $57 $72 $70 $71 $57

Explanation / Answer

$71

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