Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
1. simplify 42/60 to 7/10 (42/60 divided by 2 is 21/30, 21/30 divided by 3 is 7/10)
2. if 10 x 10 = 100 than 7 x 10 = 70 so that would make it 70/100 which is 70%
so 70% is the answer
Hope this helps ;)
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7.003 has the least value of all the choices given
Answer:
9 over 5
Step-by-step explanation:
Answer: the answer to lg is 18