To divide using a model, which of the following are true? Select all that are correct.
1 answer:
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Answer:
$522.99
Step-by-step explanation:
Fv = total amount plus interest over the given period of time
P = Principal amount deposited i.e $500
r = interest given 1.5% i.e 0.015
n = period of time the principal remains deposited. In this case annually i.e 12 months
FV = $522.99