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Andre45 [30]
3 years ago
9

Marta invested $5, 425 in the stock market and earned 8.5% interest. How much money will Marta have in her account after one yea

r? Round your answer to the nearest cent.
Mathematics
1 answer:
Semenov [28]3 years ago
6 0

Answer:

Future Value= $5,886.13

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $5,425

Number of periods (n)= 1 year

Interest rate (i)= 8.5% = 0.085

<u>To calculate the future value after one year, we need to use the following formula:</u>

<u></u>

FV= PV*(1+i)^n

FV= 5,425*(1.085^1)

FV= $5,886.13

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8 0
3 years ago
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umka21 [38]
2 cakes - Theresa's and Joe's
Theresa's cake had 6 pieces after she cut it. (2 times the size of Joe's pieces)
Joe's cake had 12 pieces after he cut it. (1/2 the size of Theresa's pieces)

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7 0
3 years ago
Morgan is reupholstering an old chair with two circular cushions. Each cushion has a circumference of 7. 85 feet. He will need t
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The total fabric Morgan needs to cover the cushions will be 19.64 square feet.

It is given that each cushion has a circumference of 7.85 feet.

It is known that the circumference of a circle = 2πr, where 'r' is the radius of the circle.

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to get more about the area of a circle, refer to the link:

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8 0
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