Answer:
B
Step-by-step explanation:
You are correct
brainliest pls pls pls
Step-by-step explanation:
x is greater than 1
Answer:
FV= $2,571.41
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $1,500
Interest rate (i)= 0.045/12= 0.00375
Number of periods (n)= 12*12= 144 months
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 1,500*(1.00375^144)
FV= $2,571.41
Answer:
The results will be similar
Step-by-step explanation:
This should be the case because it is being replicated not completely the same but not completely different.
