Answer:
FV= $2,041.29
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $1,500
Number of periods (n)= 7 years
Interest rate (i)= 4.5% = 0.045
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,500*(1.045^7)
Answer: 2/5
Multiply .
Any y = ? equation is a horizontal line that passes through the number given.
y = 7 would be a line passing through 7 on the y - axis and staying flat and never rising.
Hope this helps! ;)