I will have $2721 at the beginning of the eighth year.
The beginning of the eighth year is the end of <em>seven years of investing</em>.
The formula for the future value (FV) of my investment is
FV = <em>C</em>(1 + <em>r</em>)^<em>n</em>
where <em>C</em> = my initial cash
<em>r</em> = the interest rate
<em>n</em> = the number of years
FV = $2000(1.045)^7 = $2722
Answer:
I dont Agree because Your Just Losing 5 dollars Rather Than Losing nothing
Step-by-step explanation:
Ten plus eight teen plus eight
Thirty six
Ten times ten
One hundred
One hundred minus thirty six
Sixty four
1/64 is the fraction and the answer