$394.51 is future value of money after 2 years.
What future value means?
- A current asset's future value (FV), which is based on an estimated rate of growth, is its value at a later time.
- Investors and financial planners use the future value to project how much an investment made now will be worth in the future.
The method that results in more money after 2 years is Peggy's investment.
Which method results in more money in 2 years?
The formula for calculating the future value of an investment:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
Future value of Larry's investment: $350 x [1 + (0.04/4)]^(4 x 2) = $379
Future value of Peggy's investment: $350 x [1 + (0.06/12)]^(12 x 2) = $394.51
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Answer:
95% of the population spent between 16.8 hours to 26.2 hours on social media per month
Step-by-step explanation:
- subtracting 1 from sample size: 83-1= 82
- Note Mean=21.5 and standard deviation=2.5
- Subtracting confidence interval from 1 and dividing by 2: (1-0.95)/2=0.025
- At α=0.025 and dF=82, the t-distribution table gives 1.984
- Divide standard deviation by square root of sample size: 21.5/√83= 2.36
- Multiplying answer in step 4 by answer in step 5: 2.36×1.984= 4.68
- For lower end: 21.5-4.68= 16.82
- for upper end: 21.5+4.68=26.18
Answer:
im guessing 6 is your base and your height is 15 3/4.
Formula of a triangle we must remember:
BH x 1/2 (basically dividing by 2)
94.5 (fraction form will be: 94 1/2)
94.5 divided by 2 = 47.25 <---------- decimal form
94 1/2 divided by 2 = 47 1/4 <------- fraction form
Answer:
210
Step-by-step explanation:
6×7×10÷2=210
hope this is correct
The van travels 5 more miles per gallon than the van
