Answer:
Dividend
Step-by-step explanation:
$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:
the second route
Step-by-step explanation:
1.5/10=0.15 miles/minute
3/15=0.2 miles/minute
0.2 is faster than 0.15
Answer: The height is 6.07 meters
Step-by-step Explanation: The distance between the elevator and the bottom of the barn is given as 9 meters. Also for the hay elevator to move bales of hay to the second story of the barn lift it makes an angle of elevation of 34 degrees with the ground. With these we can derive a right angled triangle with the reference angle as 34 degrees, the side facing it which is the height or h (opposite) is yet unknown, and the side between the reference angle and the right angle (adjacent) is 9. We shall apply the trigonometric ratio as follows;
Tan 34 = opposite/adjacent
Tan 34 = h/9
0.6745 = h/9
0.6745 x 9 = h
6.0705 = h
Therefore the approximate height of the barn to the ground is 6.07 meters
Answer:
15.0 yards
Step-by-step explanation:
