Answer:
A. 7/9
Step-by-step explanation:
Answer:
-1.732, 0, 2, 1.732 are all the zeros
Because this is to a power of four, I doubt you could factor it easily. Also, you can't use the rational toot theorem because the constant is 0.
Thus, just put it on a graphing calculator or graphing software like Desmos graphing calculator.
1) montly rate, r = 5% / 12 = 0.416% = 0.00416
2) capital, C = $ 450 = present value
3) time = 11 years => number of periods = 11 * 12 = 132
4) Formula: FV = C * (1 + r) ^ (number of periods)
5) Calculation: FV = $450 * ( 1 + 0.00416)^(132) = $ 779.07
Answer: $ 779.07