Answer: 86
Step-by-step explanation:
Answer:
Future Value= $112.72
Step-by-step explanation:
Giving the following information:
Initial deposit (PV)= $100
Number of periods (n)= 2*12= 24 months
Interest rate (i)= 0.06/12= 0.005
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 100*(1.005^24)
FV= $112.72
Graph the line using the slope and y-intercept, or two points.
Slope:
2
3
2
3
y-intercept:
(
0
,
−
4
)
(
0
,
-
4
)
x
y
0
−
4
3
−
2
i hope this helps you......
