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Readme [11.4K]
2 years ago
9

chris and molly wins $2400 in a competition they share the money in the ratio2:3 how much money do they each receive ?​

Mathematics
1 answer:
Sindrei [870]2 years ago
3 0

Answer:

760 bucks

Step-by-step explanation:

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The mean of the following data values is 32. <br> 19, 23, 35, 41, 42<br> A. True <br> B. False
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6 0
3 years ago
Question 1 (Essay Worth 10 points)
zysi [14]

$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

brainly.com/question/14860893

#SPJ13

4 0
1 year ago
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