solve this problem

Google Chrome File Edit View History Bookmarks Profiles Tab Window Help GO Q 8 Sat Nov 29 2:13 PM . . . mylu.liberty.edu Lu canvas.liberty.edu ALEKS - Jacob Cascio - HW: coursehero.com C 20 www-awu.aleks.com/alekscgi/x/Isl.exe/10_u-IgNslkr7j8P3jH-li-WSp540wncg8Tof4a5q5fmgWG31RYRVbH2RjhQ9... d extract content from c Q Al Chat with PDF Upload for Unlocks Expert Help Study Resources v Ask Al S HW: 4.8 and 5.6 Assignment Question 25 of 26 (1 point) | Question Attempt: 1 of Unlimited Jacob v thread Espanol 14 15 16 17 18 19 20 21 = 22 23 24 25 solve this problem Use the interest formula A =P (1 + " )"'. DO Answer explanation by Al Given: An investment offers 5.5% interest compounded weekly if the investor keeps the money untouched for a 3-year period. (This is known as a certificate of deposit.) Round your answers to the nearest cent. . Initial weight K = 8 lb as . Monthly increase r = 10% = 0.10 Part: 0 / 2 . Model: f(t) = K(1 + r)^t = 8(1.1)^t, where t is months Part 1 of 2 Compute and round to the nearest tenth: 1 month: 8(1.1)^1 = 8.8 lb (a) How much would an initial investment of $2000 be worth at the end of the initial 3-year period? 2 months: 8(1.1)^2 = 8(1.21) = 9.7 lb At the end of the initial 3-year period, the $2000 would be worth $ 6 months: 8(1.1)^6 = 8(1.771561) = 14.2 lb X as 9 months: 8(1.1)^9 = 8(2.357947) = 18.9 lb . 12 months (one year): 8(1.1)^12 = 8(3.138428) = 25.1 lb Answers (nearest tenth of a pound): . one month: 8.8 lb . two months: 9.7 lb . six months: 14.2 lb . nine months: 18.9 lb . one year: 25.1 lb Verify with tutor Ask Al your follow up question. Do not enter personal information. Skip Part Check Save For Later Submit Assignment Attach image Upload doc 2025 McGraw Hill. Terms of Use | Privacy Center | Accessibility 30 Proposal Classical 33 14 NOV 2 exec 29 utv 4