Answer:
$1,045.21
Step-by-step explanation:
Answer:
second and last are true
Step-by-step explanation:
Answer:
FV= 1,000*(1.12^n)
Step-by-step explanation:
Giving the following information:
Initial investment= $1,000
Increase rate= 12% = 0.12
We need to formulate an exponential equation to show the value in n years.
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1+i)^n
Being:
FV= Future Value
PV= Initial Investment
i= increase rate
n= number of periods
FV= 1,000*(1.12^n)
<u>For example, for one year:</u>
FV= 1,000*(1.12^1)
FV= $1,120
For 3 years:
FV= 1,000*(1.12^3)
FV= $1,404.93
Answer:
If you are trying to solve by substitution then you have 2 different possibilities of answer forms.
First Possibility: (Point form) (16,8)
Second Possibility: (equation form) x=16, y=8
<u><em>PLEASE MARK BRAINLIEST</em></u>
