Answer:
A.
Step-by-step explanation:
This equation has no solution.
Answer:
\frac{A+c}{b}
Step-by-step explanation:
\frac{A}{b}+\frac{c}{b}
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= $3,725.07
Answer:
1095$ should be invested today .
Step-by-step explanation:
The formula of present value will be applied here :
Present Value= Future Value/(1+ interest rate)^Years
Present Value = 1250/(1.045)^3
