Answer:
$7950
Step-by-step explanation:
The annual percentage rate is 8%.
If we consider 52 weeks make a year, then the weekly percentage rate is [tex]\frac{8}{52} = 0.1538\%[/tex].
Now, we have to calculate the maturity value of $7500 at 8% APR for 39 weeks.
Assuming the interest rate as simple interest, the maturity amount will be
[tex]7500(1 + \frac{0.1538}{100} \times 39) = 7950[/tex] dollars. (Answer)
