Answer:
HL is the correct answer of this question
Answer: it is b
Step-by-step explanation:
i just took the test
Answer:
Future Value= $5,886.13
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $5,425
Number of periods (n)= 1 year
Interest rate (i)= 8.5% = 0.085
<u>To calculate the future value after one year, we need to use the following formula:</u>
<u></u>
FV= PV*(1+i)^n
FV= 5,425*(1.085^1)
FV= $5,886.13
i think the answer is c, hope this helps ;)
I would say its A but I'm not 100%