You will have $24 824.94 eight years from now.
The formula for the future value (FV) of her investment is
FV =<em>C</em>(1 + <em>r</em>)^<em>n</em>
where <em>C</em> = her initial cash
<em>r</em> = the interest rate
<em>n</em> = the number of years
FV = $15 000(1.065)^8 = $24 824.94
Answer:
Year 1
2650.00
Year 2
2385.00
Year 3
2146.50
Year 4
1931.85
Year 5
1738.67
Year 6
1564.80
Year 7
1408.32
Year 8
1267.49
Year 9
1140.74
Year 10
1026.66
Year 11
924.00
Year 12
831.60
Step-by-step explanation:
Answer:
b) False
Step-by-step explanation:
This works for the bottom equation, but not the top equation:
1 = −1 + 2
1 ≠ 3[−1] + 6
−3
1 ≠ 3 [No Solution]
I am joyous to assist you anytime.
using one of the law of indices:
which can also be written as
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