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:
(a) 1, 2, 3, 6, 8
Step-by-step explanation:
Given
Required
The sequence of hours worked each day
<em>See attachment for options</em>
From the question, we understand that:
This means that, the middle number is 3 (when sorted)
So, we can conclude that (b) and (c) cannot be true because their middle numbers are 6 and 5 respectively
Next, is to determine the mean of (a) and (d)
The mean of a data is calculated as:
So, we have:
(a)
(d)
Option (a) is true, because it has:
