Answer:
FV= $2,041.29
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $1,500
Number of periods (n)= 7 years
Interest rate (i)= 4.5% = 0.045
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,500*(1.045^7)
FV= $2,041.29
Answer:
the first or third one
Step-by-step explanation:
To start off you need to figure out how much money each item costs. Now get out your calculator because it will make this process go much faster.
EXAMPLE:
If your sodas cost $2.25 EACH you need to do the following math equation
2.25 X 3 = 6.75 witch is the total you would be paying in this situation.
HOT DOGS EXAMPLE:
Lets say that your hotdogs are $4.75 PER DOG. You just need to follow the same steps above.
4.75 X 2 = 9.5 but thats not how we write money so it would be $9.50
Hope this helps,
Daniel
