The method that results in more money after 2 years is Peggy's investment.
<h3>Which method results in more money in 2 years?</h3>
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:
74
Step-by-step explanation:
Using PEMDAS we can see that we need to do the parentheses first.
After that we need to add the answers together.
This gives us our answer of 74.
Answer:
7.93%
Step-by-step explanation:
504/100 = 5.04
40/5.04 = 7.93%
Answer:
19. 9000
20. 5000
21. 63000
22. 167000
23. 77000
24. 34000
25. 1000
26. 9000
27. 122000
Step-by-step explanation:
To do this, all you need to do is pay attention to the 4th digit and the third. Take 27 for example, 121,619. The fourth digit is 1, and the third digit is 6. because the third digit is 6, the fourth digit gets rounded up to 2. All numbers higher than the fourth digit (fifth, sixth, etc) stay the same and all digits below the fourth digit (first, second, third) become zero. hope this helps!