$394.51 is future value of money after 2 years.
What future value means?
- A current asset's future value (FV), which is based on an estimated rate of growth, is its value at a later time.
- Investors and financial planners use the future value to project how much an investment made now will be worth in the future.
The method that results in more money after 2 years is Peggy's investment.
Which method results in more money in 2 years?
The formula for calculating the future value of an investment:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
Future value of Larry's investment: $350 x [1 + (0.04/4)]^(4 x 2) = $379
Future value of Peggy's investment: $350 x [1 + (0.06/12)]^(12 x 2) = $394.51
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A two-column geometric proof consists of a list of statements, and the reasons that we know those statements are true. The statements are listed in a column on the left, and the reasons for which the statements can be made are listed in the right column.
Answer:
Examine the mathematical expression you're working on. For example, suppose you're given 5x + 3. There are two terms here, 5x and 3. Look for the variable. In this case, x is the variable. In your case its c
Find the numerical coefficient of x. Remember to look for the number before the variable. In this case, 5 is the numerical coefficient. The term 3 is a constant and is separated from the variable by a plus sign.
Keep an eye out for negative coefficients. For example, suppose you're given the statement -y + 7 + 98. You would first identify the variable, y.
Look for the numerical coefficient of y. In this case, a "1" is implied before the variable, but it's negative in this instance. Therefore, the coefficient of y is negative 1.
