Answer:
FV= $11,156.94
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $7,000
Number of periods (n)= 8 years
Interest rate (i)= 6% compounded annually
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 7,000*(1.06^8)
FV= $11,156.94
Answer:
lovin lemon co. sells 1 gallon for 24/4 = $6
sweet & sour co. sells 8 qt = 2 gallons for 16/2 = $8
Answer:
0.4167
Step-by-step explanation:
hope i help
Answer:
Find the inverse f-1(x) for the given function f(x)=2x-5
Step-by-step explanation:
To find the inverse, interchange the variables and solve for y
f
^−
1
(
x
)
=
x
/2
+
5/2
