Hey! $1.96 x £25,000 = $49,000
Then to change it back you:
$49,000 divided by 1.75 = £28,000
$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
Learn more about future value
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Answer:
a) 0.8333
b) 0.75
c) 0.8181 or 0.9090
Step-by-step explanation:
a)
The probability the visitor selects an authentic painting is
10/12 = 0.8333
b)
Since the opinion of the expert does not depend on your choice, the events are <em>independent</em>, so the probability that the expert says is authentic and it really is, is
0.8333*0.9 = 0.75
c)
If the expert decides the painting is a copy and it is not, then there are 11 paintings of which 9 are authentic, so the probability the visitor selects a new original painting is
9/11= 0.8181
If the expert decides the painting is a copy and it is, then there are 11 paintings of which 10 are authentic, so the probability the visitor selects a new original painting is
10/11= 0.9090
Answer:
44.58
Step-by-step explanation:
Answer:
2cm x 2cm x 2cm
∛8=2
Step-by-step explanation:
2cm x 2cm x 2cm
∛8=2
