Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
Answer:
45/r
Step-by-step explanation:
You're just doing 45 divided by r.
Yes I hope it helps and sorry if it’s wrong
Answer:
i think but I am not sure so maybe ask somebody else but I think it is A.
Step-by-step explanation:
I just think it is