Answer:
FV= $3,725.07
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $3,294
Number of periods (n)= 5 years
Interest rate (i)= 2.6% = 0.026
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 3,294*(1.026^5)
FV= $3,725.07
This is a formula chart to help(i would’ve given you the answer but you didn’t give the sharp)
9% of $2500 = 225
7 × 225 + 2500 = $4075
Answer:
The awnser is eleven hope this helps a bit
