Mark is investing $8,000 in an account paying 5.5% interest compounded weekly. what will marks account balance be in 6 years?

Mark's account balance after six years is $ 11126.

The term compound interest refers to the interest that accrues both on the principal and on the interest.

P = $8,000

r = 5.5% or 0.055

t = 6 years

n = 52 times

Hence;

A = 8,000(1 + 0.055/52)^(6 × 52)

A =$ 11126

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step-by-step explanation:

answer: 1inch=7days  

12inch=12*7=84days

step-by-step explanation: