$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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Answer:
72x−497
Step-by-step explanation:
Answer:
a. commutative
Step-by-step explanation:
rearranging of elements in an equation
Answer:
width: 15 inches; length: 20 inches
Step-by-step explanation:
The equation tells you the product of width (x) and length (x+5) is 300, so you're looking for factors of 300 that differ by 5.
300 = 1·300 = 2·150 = 3·100 = 4·75 = 5·60 = 6·50 = 10·30 = 12·25 = 15·20
The factors in the last pair on this list differ by 5, so we have ...
- width = 15 inches
- length = 20 inches
In order to find the unit rate of acres per day, or in other words, how many acres can they plant in one day, you must divide 5/8, the number of acres planted, by 4/5, the number of days it took to plant. When you divide the two fractions, first set up an expression:
5/8<span>÷4/5
Then, to make things simpler, turn the division expression into a multiplication statement so that you have 5/8*5/4. Then multiply straight across and you get your answer as 25/32. This means that the workers can plant 25/32 acres per day.</span>