Answer: The answer is C = -P + R
$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
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Answer:
Step-by-step explanation:
55(1.00 + 0.30) = 71.5 so 72 sets
Answer & Step-by-step explanation:
1.) Mathematical phrases:
a. numerical expression
b. algebraic expression
2. ) Write T for true or F for false
a. F
b. T
3. ) Number of terms is
c. 3
4.) a+0 is
a. a
5. ) 32+8÷4
a. 34
Hello there!
4/6 = 2/3
The answer is C.
Hope I helped!
Let me know if you need anything else!
~ Zoe