Answer:
<u>The future value of the investment after 10 years is $ 29,240.53</u>
Step-by-step explanation:
1. Let's review the information given to us to answer the question correctly:
Principal = $ 17,500
Interest rate = 5.2% = 0.052 compounded semiannually
Time = 10 years = 20 semesters
2. What is the future value of the investment after 10 years?
Let's use the formula of the Future Value, to calculate it for this investment:
FV = P * (1 + r) ⁿ
Let's replace with the real values:
FV = 17,500 * (1 + 0.052/2)²⁰
FV = 17,500 * 1.670887521
<u>FV = 29,240.53</u>
Step-by-step explanation:
1/2× 3/5
1/2
3/5=
7/4-3/5
Starting price is 2.65, increased by .56
2.65+.56=3.21
Price is 3.21, decreased by .23
3.21-.23=2.98
Price is 2.98, increased by 1.02
2.98+1.02= 4
Price is 4, decreased by .48
4-.48=3.52
Now find the difference from the starting price (January) from the end price (May)
3.52-2.65=.87
<u>The difference from gas prices is $.87</u>
11 because you would add the 14 and 2 which would be 9^16 then you would subtract 5 which would make it 9^11