Answer:
FV= $772
Explanation:
Giving the following information:
Initial investment (PV)= $850
Interest rate (i)= 3.5% = 0.035
Number of periods (n)= 5 years
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 650*(1.035^5)
FV= $772
The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.
<h3>How are the straight-line and double-declining-balance methods related?</h3>
While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.
What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.
In conclusion, option D is correct.
Find out more on depreciation methods at brainly.com/question/26948130.
I believe that the $500 cheque from your parents has already been counted when it was earned and therefore would neither increase or decrease GDP. GDP is defined basically as a bulk measure of production that is equal to the sum of all gross values of all units involved in production.
So you still have 60 points to go up. Every month is 3 more points. Divide 60 by 3 which will give you the number of months left before you reach your goal. 60/3= 20 months or 1 year and 8 months.
