$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 sum is equal to 5
Step-by-step explanation:
we know that
The algebraic expression of the phrase " the sum of negative two squared plus one" is equal to
Multiples of 8 are basically the result of counting by 8's. (Technically, multiples are a set of number which can be divided by a certain number without a remainder.)
The first 4 multiples of 8 are {
}.
Answer:
90
Step-by-step explanation:
The formula for right triangular prisms is simple; 1/2 × a × b × c. So simply plug in your numbers (doesn't matter the order you plug in).
1/2 × 12 × 5 × 3 = 90
Answer:
60.9
Step-by-step explanation:
