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givi [52]
3 years ago
12

If. y =27whenx=8,find y when x=11

Business
1 answer:
Alexxandr [17]3 years ago
7 0
Y=30 because adding 3 on to 8 gets you 11 and you have to do the same for both x and y
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Answer:

$33,445.44

Explanation:

The future value of an investment is its worth at a future date if the investment is done at a specific interest rate compounded yearly for certain number of years

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FV = Future Value, PV = present value, r- interest rate, n- number of years

<em>Future value of $7500 after 3 years:</em>

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<em>Future Value of $9000 after 2 years:</em>

FV = 9000 × (1.08^2) = $10,497.6

<em>Future value of $12,500 after 1 year:</em>

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The future value of these cashflows at the end of year 5

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