This is an exponential function that moved 4 units down.
Add the equations in order to solve for the first variable. Plug this value into the other equations in order to solve for the remaining variables.
(3,-9)
Answer:
<u>The future value of this investment after 10 years is US$ 5,152.58</u>
Step-by-step explanation:
1. Let's review the data given to us for solving the question:
Investment = US$ 2,500
Annual interest rate = 7.5% compounded annually
Duration of the investment = 10 years
2. Let's find the future value of this investment after 10 years, using the following formula:
FV = PV * (1 + r) ⁿ
Replacing with the real values, we have:
FV = 2,500 * (1 + 0.075) ¹⁰
FV = 2,500 * 1.0075¹⁰
FV = 2,500 * 2.06103
<u>FV = US$ 5,152.58</u>
Answer:
4 I think?
Step-by-step explanation:
