A student desired to invest $1,540 into an investment at 9% compounded semiannually for 6 years. With all else equal, what is th
1 answer:
Answer:
The future value of this initial investment after the six year period is $2611.6552
Step-by-step explanation:
Consider the provided information.
A student desired to invest $1,540 into an investment at 9% compounded semiannually for 6 years.
Future value of an investment:
Where Fv is the future value, p is the present value, r is the rate and n is the number of compounding periods.
9% compounded semiannually for 6 years.
Therefore, the value of r is:
Number of periods are: 2 × 6 = 12
Now substitute the respective values in the above formula.
Hence, the future value of this initial investment after the six year period is $2611.6552
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Answer:
Answer is explained below in the explanation section.
Step-by-step explanation:
Solution:
For this question, we need to have a number line, we can not make the number line here. As it will be very long. Instead, I have attached a number line from -11 to +11 for your understanding and explained it below. Please refer to the attachment below for the number line.
Number Line:
A number line is a line which contains all the numbers from negative infinity to positive infinity divided by a single number zero. It has two sides, left hand side and right hand side. A side left to zero contains all the negative numbers and a side right to 0 contains, all the positive numbers.
So,
We are asked to add 34 in (-212), we will get 178 but with the negative sign, and it will lie on the left hand side of the number line.
SO,
34 + (-212) = 34 - 212 = -178
Hence,
Our sum which is 178 will lie on the left hand side of the number line.
