$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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thats the answer kid
Answer:
Whats the directions?
Step-by-step explanation:
Answer:
triangle on the left: 6 sq ft. triangle on the right: 28 sq ft. rectangle: 128. altogether, 162 sq ft. the trapezoid is about 61.6.
Step-by-step explanation:
for the rectangle the formula is bxh (base x height). for a triangle, it is bxh/2, or base times height divided by 2. for a trapezoid, it is b1+b2 x h / 2, or base 1 (bottom) plus base 2 (top) times height, take all of that and divide by 2.
It's 38,000. Always try to remember that anything below 500 rounds down, anything higher then 500 would go to the next thousand. For example, of that number would of been 38,555 the number would be 39,000.
