I hope this helps you
Area=width×length
Area=18×4
Area=72
Answer:
FV= $634.12
Step-by-step explanation:
Giving the following formula:
Initial investment (PV)= $500
Number of periods (n)= 3*4= 12 quarters
Interest rate (i)= 0.08/4= 0.02
<u>To calculate the future value, we need to use the following formula:</u>
<u></u>
FV= PV* (1 + i)^n
FV= 500*(1.02^12)
FV= $634.12
Pretty sure it´s 12.25
61.25 /5=12.5
you can check this by doing 12.5 x 5 ; 15 or 30 and you´ll get the same product in monthly earned
