Answer:
FV= $3,716.32
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $3,500
Interest rate (i)= 1.2% compounded monthly
<u>First, we need to determine the monthly nominal interest rate:</u>
Monthly interest rate= 0.012/12= 0.001
<u>Now, to calculate the future value after 't' months, we need to use the following formula:</u>
FV= PV*(1 + i)^t
<u>For example, for 60 months:</u>
FV= 3,500*(1.001^60)
FV= $3,716.32
Answer:
Trevon is 28 years old
Step-by-step explanation:
Riggs =x
Trevon =7+x
7+x+x=49
7+2x=49
2x=49-7
2x=42
x=21
Trevon is 21+7= 28 years old
I believe the sale price is $63.75
Answer:
The answer would be B
Step-by-step explanation:
Since you are starting out, you can make that a one, so then subtract that one by how much candy you ate (1/8 and 1/4)
