Mike invested $93,000 at 8.19% compounded weekly. What will Mike's account balance be in 11 years?

$4920446.6202

Step-by-step explanation:

the formula for compound interest is: P(1+ r/n)^n*t

p= principle (the amount of money you invest/ start with)

r= the interest rate (which is the percentage in decimal)

n= the number of times its compounded per year (52 weeks per year)

t= the amount of time (usually in years)

now, you plug the numbers youre given into the formula:

93000(1+0.0819/52)^52*11

= $4920446.62402

hope this helps :)