Answer:
FV= $2,041.29
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $1,500
Number of periods (n)= 7 years
Interest rate (i)= 4.5% = 0.045
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,500*(1.045^7)
FV= $2,041.29
Answer:
b
Step-by-step explanation:
No it wouldn't because a direct variation is in a y=kx formula. That equation shown above is in a y=mx+b format,which is a formula for slope intercept form
Y - 5 = -2x - 4
Add 5 on both sides.
y = -2x + 1
y = -2x + 1 is in simplest form.