Answer:
Step-by-step explanation:
C
Answer:
The answer is b
Step-by-step explanation:
Answer:
FV= $4,948.16
Step-by-step explanation:
Giving the following information:
Number of periods (n)= 10
Interest rate (i)= 2.15% compound interest annually
Present value (PV)= 4,000
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 4,000*(1.0215^10)
FV= $4,948.16
Answer:
d) 10-x
Step-by-step explanation:
replace x with 8 will make it equals 2, which is the greatest value
1.) about 154 months
2.) about 30 months
3.) about 75 months
4.) about 100 months