$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: 64 mph
We can see that after every hour, the car has traveled 64 miles. So the speed rate is 64 miles per hour.
Answer:
Step-by-step explanation:
2b + 2c
Answer:
2 times the square root of 10
Step-by-step explanation:
If you make a right triangle and solve for the hypotenuse (the distance between P1 and P2), you will get 2 times the square root of 10.
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