Answer:
Future Value= $112.72
Step-by-step explanation:
Giving the following information:
Initial deposit (PV)= $100
Number of periods (n)= 2*12= 24 months
Interest rate (i)= 0.06/12= 0.005
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 100*(1.005^24)
FV= $112.72
I don't know. But goodluck with finding the answer.
Answer:
The negative exponent rule tells us that a number with a negative exponent should be put in the denominator, or the numerator, depending on where the number is.
Step-by-step explanation: