Answer:
FV= $3,725.07
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $3,294
Number of periods (n)= 5 years
Interest rate (i)= 2.6% = 0.026
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 3,294*(1.026^5)
FV= $3,725.07
Answer:
See the explanation
Step-by-step explanation:
When the numerator is less than the denominator, the result is always less than 1, that is 0. something and this will give a percentage less than 100, but when the numerator is greater than the denominator, th result is greater than 1, and any figure greater than 1 gives a percentage that is greater than 100
example
Numerator >Denominator
=4/2*100
=2*100
=200%
Numerator <Denominator
=2/4*100
=0/5*100
=50%
Answer:
see below
Step-by-step explanation:
we need to simplify that
so we can continue
and we can put all together
Answer:
1100 - 0.04x
Step-by-step explanation:
0.07x + 0.11(10,000 - x)
0.07x - 0.11x +1100
-0.04x + 1100
Answer:
taste of your own medicine jk
Step-by-step explanation: