$394.51 is future value of money after 2 years.
What future value means?
- A current asset's future value (FV), which is based on an estimated rate of growth, is its value at a later time.
- Investors and financial planners use the future value to project how much an investment made now will be worth in the future.
The method that results in more money after 2 years is Peggy's investment.
Which method results in more money in 2 years?
The formula for calculating the future value of an investment:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
Future value of Larry's investment: $350 x [1 + (0.04/4)]^(4 x 2) = $379
Future value of Peggy's investment: $350 x [1 + (0.06/12)]^(12 x 2) = $394.51
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Answer:
Step-by-step explanation:
Sorry
Answer:
Depends
Step-by-step explanation:
What kind of car?
How heavy are the people?
Are they clowns? Because if they are, they can fit a lot, js
Answer:
1120°
Step-by-step explanation:
Use the sum of interior angles formula:
Where n is the number of sides.
In a nonagon, there are 9 sides, substitute 9 for n:
Since our nonagon is a regular nonagon, all 9 angles measure the same, so each angle measures:
Subtract 140 from 1260:
