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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Take 65/7 = 9 remainder 2
Then you add 2 days to Friday to give Sunday
The third data table accurately represents data in the histogram.
If you draw the histogram, it looks like in the .jpeg image enclosed with this answer.
Lets use bedmas/pemdas, and simplify the equation to find n.
n = 9 * 27 + 2 * 31 - 28
n = 243 + 2 * 31 - 28
n = 243 + 62 - 28
n = 305 - 28
n = 277
Therefore n = 277.
