Add 5 to both sides
y + 5 = x^2
Take the square root of both sides
±√y + 5 = x
Switch sides
<u>x = ±√y + 5</u>
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Answer:
Future Value= $5,886.13
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $5,425
Number of periods (n)= 1 year
Interest rate (i)= 8.5% = 0.085
<u>To calculate the future value after one year, we need to use the following formula:</u>
<u></u>
FV= PV*(1+i)^n
FV= 5,425*(1.085^1)
FV= $5,886.13
Answer:
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