Answer:
Jose ends up with more money with $59 more than Peter.
Step-by-step explanation:
To determine the amount they will have, you have to use the formula to calculate the future value:
FV=PV(1+r)^n
FV= future value
PV= present value
r= rate of interest
n= number of periods of time
-Peter:
FV=1,000*(1+0.04)^10
FV=1,000*1.48
FV=1,480
-Jose:
FV=900*(1+0.05)^11
FV=900*1.71
FV=1,539
Difference: $1,539-$1,480=$59
According to this, the answer is that Jose ends up with more money with $59 more than Peter.
Answer:
19
Step-by-step explanation:
on edge 2020
The financially responsible choice would be for Jackson to lease a car for right now. as Jackson moves up in the company to a high paying position he should pay off the car. this way Jackson isn’t in any debt while he’s making his modest income and not have any money left.
Answer:
I think 478.4 ._.
Step-by-step explanation:
First, find out how many gallons of gasoline she can buy with $18.50 by dividing 18.50 by 1.25 to get 14.8 gallons. Then, since he already has 6 gallons in his tank, add 6 to 14.8 = 20.8. Finally multiply this by the ratio of gallons to miles (23) to get 478.4
Answer: 18
Step-by-step explanation:
