Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
The question does not seem complete, but I'll represent the statement mathematically and look for their ages each. This is because the worst they can ask for is their ages.
Let C stand for Courtney's age, A for Andrei's age, N for Natalie's age and S for Shari's age. From the question we can deduce the following:
C = 2A
C = N + 3
C = S/2
S - N = C + A
S = 2C, N = C - 3 and A = C/2, therefore we have
2C - (C - 3) = C + C/2
C + 3 = C + C/2
C/2 = 3 and C = 6
A = C/2
A= 6/2
A = 3
N = C - 3
N = 6 - 3
N = 3
S = 2C
S = 2 x 6
S = 12.
C = 6, A = 3, N = 3 and S = 12
Answer:
1) 2x^4/343
2) 2x^6/225
3) 2x^12/25
4) 5x^20/16807
Step-by-step explanation:
Hope this helps!
