# Help in business and finance

Anonymous
account_balance_wallet \$5

### Question Description

\$1,000 at an 18% interest rate compounded weekly, then daily for a period of 18 years

hemanth2stp
School: Boston College

A = P(1+r/n)^nt

compounded weekly,

1000[1+0.18/52]^52*18 = 25391.26 \$

compounded daily,

1000[1+0.18/364]^364*18 = 25513.28 \$

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Review

Anonymous
Thanks, good work

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