Answer:
Step-by-step explanation:
6x+3 -6x =3
6x-6x= 3-3
0 = 0
Answer:
PV= $3,402.9
Step-by-step explanation:
Giving the following formula:
Future Vale (FV)= $5,000
Number of years (n) 5 years
Interest rate (i)= 8.5% compounded annually
<u>To calculate the initial investment (PV), we need to use the following formula:</u>
PV= FV / (1 + i)^n
PV= 5,000 / (1.085^5)
PV= $3,402.9
Answer:
$ 2904.59
Step-by-step explanation:
For CONTINUOUS compounding FV = PV e^it
FV = future value PV = present value i = decimal interest t = years
FV = 2500 e^(.05 * 3) = 2904.59
Answer:
the answer is -77/8 or -9.625
Step-by-step explanation: