2/8 and 4/16 are equivalent to 1/4
9/10 * 5/2 = 45/20
The quotient will be greater than 1
Answer:
the answer is A and C
Step-by-step explanation:
Answer:
PV= $3,402.9
Step-by-step explanation:
Giving the following formula:
Future Vale (FV)= $5,000
Number of years (n) 5 years
Interest rate (i)= 8.5% compounded annually
<u>To calculate the initial investment (PV), we need to use the following formula:</u>
PV= FV / (1 + i)^n
PV= 5,000 / (1.085^5)
PV= $3,402.9
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