We will take the common terms in the expressions-
Here in the expression, 3y is a common term.
So,
So, the answer is
Here in the expression, 3y is a common term.
So,
So, the answer is
I need help please do this for me 49 times 3 divided by 7 square it times 1/4 Add 3/4
1 answer:
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Answer:
The future value of this initial investment after the six year period is $2611.6552
Step-by-step explanation:
Consider the provided information.
A student desired to invest $1,540 into an investment at 9% compounded semiannually for 6 years.
Future value of an investment:
Where Fv is the future value, p is the present value, r is the rate and n is the number of compounding periods.
9% compounded semiannually for 6 years.
Therefore, the value of r is:
Number of periods are: 2 × 6 = 12
Now substitute the respective values in the above formula.
Hence, the future value of this initial investment after the six year period is $2611.6552