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:
They each lost 65 dollars.
Step-by-step explanation:
Well they lost 260 dollars in total. 260/4 is 65. That means they now have however much money they had before -65.
(2(-2)+9(5)-5)-(6(-2)-4(5)+2)
(-4+45-5)-(-12-20+2)
(45-9)-(-32+2)
36+30
66
