$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: A.) 10x + 15
Step-by-step explanation:
You would distribute (multiply) the 5 to the 2x which would then make it 10x and you would distribute (multiply) the 5 to the 3 which would then make it 15. Because the 5 is a positive number the sign stays the same.
Therefore, 10x + 15 is your answer.
Answer:
Step-by-step explanation:
Given
Required
Area of RST
The sector area is calculated using:
So, we have:
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