Answer:
FV= $8,739.38
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $6,100
Number of periods (n)= 12*12= 144
Interest rate (i)= 0.03/12= 0.0025
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 6,100*(1.0025^144)
FV= $8,739.38
Answer:
yes it does not curve at any point
(0, 1) and (1, 0) are the intersection points. The first equation is a circle and the second is a linear function.
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Answer:
750.5
Step-by-step explanation: