Calculate, to the Nearest Cent, the Future Value of an Investment

question 133

Short Answer

Calculate, to the nearest cent, the future value of an investment of $12,000 at 4.5% per year, compounded weekly, after 4 years. Assume 52 weeks per year.
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$ __________

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Definitions:

Relationship Marketing

A strategy designed to foster customer loyalty, interaction and long-term engagement with customers by providing them with information directly suited to their needs and interests and by promoting open communication.

Outdoor Activities

Recreational pursuits performed outdoors, including hiking, camping, boating, and various sports, emphasizing engagement with nature.

Customer Interests

Preferences, needs, or desires that influence a customer's decision to purchase a product or service.

Marketing Mix

The set of actions, or tactics, that a company uses to promote its brand or product in the market, typically discussed as Product, Price, Place, and Promotion.