The future value of 1000 with annual compounding for 10 years is $1967.15.
The formula for calculating with annual compounding is:
FV = P (1 + r)^n
- FV = Future value
- P = the amount deposited
- R = interest rate
-
N = number of years
1000 x (1.07)^10 = $1967.15
To learn more about future value, please check: brainly.com/question/18760477
In this equation the 9.1 would represent the amount the tip would have been before the adjustment is made (1.4d) for the dessert.
All the numbers added up then divided by the amount of numbers.
EX: 5 + 10 + 3 + 8 + 9
35
35/5
7
Answer:
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Step-by-step explanation:
