Question: Use the interest formula = AP +1 rnnt . An investment offers 7.5% interest compounded weekly if the investor keeps the money untouched for a

Use the interest formula

=AP+1rnnt

.

An investment offers

7.5%

interest compounded weekly if the investor keeps the money untouched for a

3

-year period. (This is known as acertificate of deposit.) Round your answers to the nearest cent.

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