9 possibly could be the answer makes sense to me lol
Answer:
FV= $634.12
Step-by-step explanation:
Giving the following formula:
Initial investment (PV)= $500
Number of periods (n)= 3*4= 12 quarters
Interest rate (i)= 0.08/4= 0.02
<u>To calculate the future value, we need to use the following formula:</u>
<u></u>
FV= PV* (1 + i)^n
FV= 500*(1.02^12)
FV= $634.12
Answer:
1
Step-by-step explanation:
Anything to the power of 0 is 1
1.6 is between 1.7 and 1.5 because you see how the number is between the number
