Answer:
The answer is D
Step-by-step explanation: Trust me! hope this helps:)
Answer:
14,00
Step-by-step explanation:
14 bru
Answer:
A = $ 50,978.44
Step-by-step explanation:
First, convert R percent to r a decimal
r = R/100
r = 5%/100
r = 0.05 per year,
Then, solve our equation for A
A = P(1 + r/n)nt
A = 45,000.00(1 + 0.004166667/12)(12)(2.5)
A = $ 50,978.44
Answer:
60%
Step-by-step explanation:
he gave away 2/5 which is 40%. 100%-40% is 60%
$394.51 is future value of money after 2 years.
What future value means?
- A current asset's future value (FV), which is based on an estimated rate of growth, is its value at a later time.
- Investors and financial planners use the future value to project how much an investment made now will be worth in the future.
The method that results in more money after 2 years is Peggy's investment.
Which method results in more money in 2 years?
The formula for calculating the future value of an investment:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
Future value of Larry's investment: $350 x [1 + (0.04/4)]^(4 x 2) = $379
Future value of Peggy's investment: $350 x [1 + (0.06/12)]^(12 x 2) = $394.51
Learn more about future value
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