$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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5 pencils cost $.80. Each pencil costs $0.16
Then divide $0.16 into $0.40
This equals 2.5 pencils, you can't buy half a pencil
<span>Jill has $30 and Maddie has $60. Jill saves $4 per week and Maddie saves $2 per week. How long will it be before Jill and Maddie have the same amount of money?</span>
Answer:
i would say 36
Step-by-step explanation:
because you take each line equally making a big square
5
The reason is because |-5| is equal to 5. The absolute value bars make the number positive.
