Answer:
n = 1.2
Step-by-step explanation:
3n = 3.6
Divide both sides by 3 to get n by itself.
3.6/3 = 1.2
n = 1.2
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
A=1/2x Base x Height
= 1/2 (10)(24)
=120
Yes but In the bigger group each person would have less
