Answer:
10+2+0.3+0.05+0.007
Step-by-step explanation:
It is misleading because the points on the x-axis are not in the same unit. The years should be numbered the same units.(:
Answer:
(-4, 1)
Step-by-step explanation:
The midpoint (M) has coordinates that are the average of those of endpoints A and D.
... M = (A +D)/2 = ((-2, -6) +(-6, 8))/2
... M = (-8, 2)/2 = (-4, 1)
1. You have:
FV=PV(1+i)(1+j)
FV is the future value.
PV is the present value (PV=$750).
i=10.5%=0.105
j=7.5%=0.075
2. Therefore, you only have to substitute these values into the formula FV=PV(1+i)(1+j) to obtain the Future value:
FV=PV(1+i)(1+j)
FV=$750(1+0.105)(1+0.075)
FV=$750(1.105)(1.075)
3. Then, the result is:
FV=$890.91
What would be the second year future value?
The answer is: $890.91
