6.5% of 478.....turn ur percent to a decimal...." of " means multiply
0.065(478) = 31.07 <===
Answer:
50/18 or 2.77
Step-by-step explanation:
So first u have to make the 3 1/3 and 1 1/5 into improper fractions.
Then, you can do the keep, change, flip thing and then u get 10/3 x 5/6 to get 50/18
$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
Learn more about future value
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