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kolezko [41]
1 year ago
6

Question 1 (Essay Worth 10 points)

Mathematics
1 answer:
zysi [14]1 year ago
4 0

$394.51 is future value of money after 2 years.

What future value means?

  • A current asset's future value (FV), which is based on an estimated rate of growth, is its value at a later time.
  • Investors and financial planners use the future value to project how much an investment made now will be worth in the future.

The method that results in more money after 2 years is Peggy's investment.

Which method results in more money in 2 years?

The formula for calculating the future value of an investment:

FV = P (1 + r)^nm

FV = Future value

P = Present value

R = interest rate

m = number of compounding

N = number of years

Future value of Larry's investment: $350 x [1 + (0.04/4)]^(4 x 2) = $379

Future value of Peggy's investment: $350 x [1 + (0.06/12)]^(12 x 2) = $394.51

Learn more about future value

brainly.com/question/14860893

#SPJ13

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Step-by-step explanation:

6 0
2 years ago
A construction worker earns an average bi-weekly net pay of $1,764.00. Which compound inequality correctly shows the amount of m
denpristay [2]

The compound inequality is $176.40 ≤ t ≤ $352.80 if a construction worker earns an average bi-weekly net pay of $1,764.00 option (A) Is correct.

<h3>What is inequality?</h3>

It is defined as the expression in mathematics in which both sides are not equal they have mathematical signs either less than or greater than known as inequality.

It is given that:

A construction worker earns an average bi-weekly net pay of $1,764.00.

= 10% of 1764

= (10/100)1764

= $176.4

= 20% of 1764

= (20/100)1764

= $352.8

Inequality will be: $176.40 ≤ t ≤ $352.80

Thus, the compound inequality is $176.40 ≤ t ≤ $352.80 if a construction worker earns an average bi-weekly net pay of $1,764.00 option (A) Is correct.

Learn more about inequality here:

brainly.com/question/19491153

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4 0
1 year ago
Read 2 more answers
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