Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
Answer:
5.33
Step-by-step explanation:
5+1/3
=5.3333
=533.33333333%
Answer:
y = x/2 + 5
Step-by-step explanation:
y = x/2 + 5
⇒ y = (1/2)x + 5
which satisfies the linear equation y = mx + b
where m is the slope and b is the y-intercept