The future value of $1,000 invested at 8% compounded semiannually for five years is 
<u>Solution:</u>
----------- equation 1
A = future value
P= principal amount
i = interest rate
n = number of times money is compounded
P = 1000
i = 8 %
(Compounding period for semi annually = 2)
Dividing “i” by compounding period
Solving for future value using equation 1
Answer: x= -4,-5
Step-by-step explanation:
Answer:
x = 5.5
Step-by-step explanation:
Solve for x by simplifying both sides of the equation, then isolating the variable.
-7 -7
Divide both sides by -1.
A . 2/10 + 5/10= 7/10
B. 3/10 + 4/10= 7/10
C. 6/10 + 1/10 =7/10
They probably want 880 pesos, since they asked you do intermediate rounding
but a more accurate answer would be
883.20 pesos
To combine the functions, you'd substitute in 2.76r for y in 0.16y. This would give you 0.16(2.76r), which simplifies to 0.4416r, but they want you round this to the nearest hundredth, so its really 0.44r. Substitute in the 2000 for r and you get 0.44 * 2000 which is 880 pesos
