Answer:
FV= $11,156.94
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $7,000
Number of periods (n)= 8 years
Interest rate (i)= 6% compounded annually
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 7,000*(1.06^8)
FV= $11,156.94
Answer:
cool
Step-by-step explanation:
Answer:
The equation has the form: y = a + b * x where a and b are constant numbers. The variable x is the independent variable, and y is the dependent variable. Typically, you choose a value to substitute for the independent variable and then solve for the dependent variable.
Answer:
Mary has 12 times the apples plus 5
Step-by-step explanation:
4,000×0.035×2=280
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