Answer:
The future value of this initial investment after the six year period is $2611.6552
Step-by-step explanation:
Consider the provided information.
A student desired to invest $1,540 into an investment at 9% compounded semiannually for 6 years.
Future value of an investment:
Where Fv is the future value, p is the present value, r is the rate and n is the number of compounding periods.
9% compounded semiannually for 6 years.
Therefore, the value of r is:
Number of periods are: 2 × 6 = 12
Now substitute the respective values in the above formula.
Hence, the future value of this initial investment after the six year period is $2611.6552
Answer:
parallel
Step-by-step explanation:
They both have the same slope, -6.
The slope is always the number in front of the x.
$800 increased by 25% = 1.25 x 800 = $1,000
Just plug it in then you'll find the answer you are seeking
(a+b)^7= a^7+ 7a^7b+ 21 a^6b²+ 35a^5b³+ 35 a⁴b⁴+ 21 a³b^5 + 7a²b^6 + b^7