I need a little more to work with
$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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Answer:the base root becomes 45
Step-by-step explanation:
The value of x in the equation is 59/5
<h3>How to solve for x?</h3>
The equation is given as:
5x = 59
Divide both sides by 5
x = 59/5
This means that the value of x in the equation is 59/5
To know if the value is accurate, we simply multiply 5 by 59/5 and we get 59 as in 5x = 59
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Answer:
$180
Step-by-step explanation:
Since the discount is 40 percent and is also $72, We will cross multiply. 72 x 100 = 40 x what?
7200/40 = 180
The mirror was originally $180.
