Answer:
FV= $819.03
Step-by-step explanation:
Giving the following information:
Initial investment= $600
Number of periods= 5*12= 60 months
Interest rate= 0.062/12= 0.0052
<u>To calculate the future value of the investment, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 600*(1.0052^60)
FV= $819.03
Answer:
4 1/12 yards of fabric left.
Step-by-step explanation:
First things first: convert the mixed numbers so they have the same denominator
The least common multiple of 4 and 3 is 12, so the common denominator will be 12.
So Jenna has 10 9/12, and uses 6 8/12.
Now subtract:
10 9/12 - 6 8/12 = 4 1/12
So there is 4 1/12 yards of fabric left.
Answer:
58.995 round to the nearest whole number is 59 miles per hour
Step-by-step explanation:
1 kilometer/hr = 0.62 miles per hour
Therefore 100 km/hr = 100 × 0.621
= 62 miles per hour
95 km/hr = 95 × 0.621
= 58.995 miles per hour
58.995 round to the nearest whole number is 59 miles per hour
You should reinvest it. Compounding means that if you put $10 in and it gives you 110% of your investment, then you’ll receive $11. If you reinvest it and it gives 110% again, you’ll have $12.10. This will continue to accrue until you stop investing. If something doesn’t compound, you’ll only get the extra $1 over and over.
