Step-by-step explanation:
2 1/3
=2*3+1/3
=7/3
Answer:
2ITR/KVJFCIUYBDTR67E4VHJN, BHJYUG76T89O;LXCS,DVTI9R0OPE;'
Step-by-step explanation:
1) montly rate, r = 5% / 12 = 0.416% = 0.00416
2) capital, C = $ 450 = present value
3) time = 11 years => number of periods = 11 * 12 = 132
4) Formula: FV = C * (1 + r) ^ (number of periods)
5) Calculation: FV = $450 * ( 1 + 0.00416)^(132) = $ 779.07
Answer: $ 779.07
All you have to do is follow the steps shown in the pictures and you’ll get your answer,