Answer:
The solution and the calculation is shown on the first , second , third and fourth uploaded image
Explanation:
It’s debtor because of the user
Answer:
FV= $2,765.30
Explanation:
Giving the following information:
Present Value (PV)= $2,100
Interest rate= 0.054/4= 0.0135
Number of periods= 2*4= 8 quarters
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 2,100*(1.0135^8)
FV= $2,765.30