2 years ago

Pls can someone send the answer for this

Mathematics

1 answer:

zubka84 [21]2 years ago

5 0

Answer:

a.10

b.10

c.-105

d.92

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Dominik [7]

Answer:

$\large \boxed{\$4100.07}$

Step-by-step explanation:

The formula for the future value (FV) of an investment earning compound interest is

$FV = PV \left (1 + \frac{r}{n} \right )^{nt}$

where

PV = the present value (PV) of the money invested

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n = the number of compounding periods per year

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FV = $7100

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t = 7 yr

n = 2

Calculation:

$\begin{array}{rcl}\\7100& =& PV \left (1 + \dfrac{0.08}{2} \right )^{2 \times 7}\\\\& =& PV (1 + 0.04)^{14}\\\\& =&PV (1.04)^{14}\\& =& PV(1.731676)\\PV& =& \dfrac{7100}{1.731676}\\\\& =& \mathbf{4100.07}\\\end{array}\\\text{The present value of the money is $\large \boxed{\mathbf{\$4100.07}}$}$