Whats the future value of $1,500 after 5 years uf the appropriate interest rste is 6%, compoubded semiannually
1 answer:
Answer:
$2015.84
Step-by-step explanation:
To calculate the Future value (or accumulated value (AV)) for compounding interest you use the following formula
Where PV is present value
i is the interest rate
n is the number of times compounding a period
p is the number of periods (years)
so we have
If you put this in your calculator you get $2015.84
if you have any questions lmk
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Answer:
y = 3x - 9
Step-by-step explanation:
We first need to find the slope (m)
m = =
=
= 3
y = mx + b
y = 3x + b
(4, 3)
y = 3x + b
3 = 3(4) + b
3 = 12 + b
-12 -12
-9 = b
(1, –6)
y = 3x + b
-6 = 3(1) + b
-6 = 3 + b
-3 -3
-9 = b
y = 3x - 9
To check: (1, –6)
y = 3x - 9
-6 = 3(1) - 9
-6 = 3 - 9
-6 = -6
Hope this helps!