Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
Answer:
The correct option is 4.
Step-by-step explanation:
The given expression is

Simplify the given expression.


![[\because x^mx^n=x^{m+n}]](https://tex.z-dn.net/?f=%5B%5Cbecause%20x%5Emx%5En%3Dx%5E%7Bm%2Bn%7D%5D)

Therefore correct option is 4.
Answer:
x = 7
Step-by-step explanation:
first subtract 4 from both sides
-3x = -21
divide both sides by negative 3
x = 7
Answer:
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Step-by-step explanation:
STEP BY STEP EXAMPLE:
Convert 16% to Fraction
The exact form of the fraction is 425.