$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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121 x 12 = 1452 so over 1500 is not a correct estimate. Less than 1500 is the right estimate
Answer:
Step-by-step explanation:
Perimeter is 70 m
so w + w + 6w + 6w = 70
w = 70/14 = 5, l = 30m.
Area = l * w = 30 * 5 = 150 sq m
Answer:
"The demand was so high for the concert tickets that the concert manager posted a tweet on social media saying that the quantity they had, wasn't enough for the amount of people that wanted to buy concert tickets."
Step-by-step explanation:
Quantity in economics is the amount in total of the product there is.
Demand in economics is how much the consumer is willing to buy the product that is being sold.
A sentence using the two words quantity and demand about concert tickets would look something like this: "The demand was so high for the concert tickets, that the concert manager posted a tweet on social media saying that the quantity they had, wasn't enough for the amount of people that wanted to buy some of the concert tickets."
Hope this helps.
Hypotenuse, you can find it by using the <span>Pythagorean theorem</span>
