Answer:
Future Value= $112.72
Step-by-step explanation:
Giving the following information:
Initial deposit (PV)= $100
Number of periods (n)= 2*12= 24 months
Interest rate (i)= 0.06/12= 0.005
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 100*(1.005^24)
FV= $112.72
Answer:
mee I'm in 8th
Step-by-step explanation:
plzz help will be very thankful
Answer:
$10,000
Step-by-step explanation:
Cross multiply and divide by 55.
Hope this helps!
