Answer:
FV= $2,571.41
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $1,500
Interest rate (i)= 0.045/12= 0.00375
Number of periods (n)= 12*12= 144 months
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 1,500*(1.00375^144)
FV= $2,571.41
Is there more to this question?
A right angle = 90 degrees
A round angle = 360 degrees
1. 3 x 90 = 270 degrees
2. 4 x 90 = 360 degrees
3. 1 1/2 x 90 = 135 degrees
4. 2 1/3 x 90 = 210 degrees
5. 2/9 x 360 = 80 degrees
6. 3 3/8 x 360 = 1,215 degrees