Answer:
FV= $1,045.96
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $575.75
Number of periods (n)= 15*5= 60 months
Interest rate (i)= 0.12 / 12= 0.01
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 575.75*(1.01^60)
FV= $1,045.96
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<h3>
Answer: $580.38 (Choice B)</h3>
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Work Shown:
A = P*(1+r/n)^(n*t)
A = 500*(1+0.05/4)^(4*3)
A = 580.3772588615
A = 580.38
Answer:27
Step-by-step explanation:first you need 40 x 12 for the area for your gravel
so 480 divided by 18 = about 27
