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Answer: option c.
Step-by-step explanation:
You need to remember the identity:
The inverse of the tangent function is arctangent. You need to use this to calculate the angle "R":
You know that you need to find the measure of "R" and (which is the opposite side) and
(which is the adjacent side), you can sustitute values into
Then, you get:
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