Select the correct answer.
1 answer:
The future value of $1,000 invested at 8% compounded semiannually for five years is
<u>Solution:</u>
----------- equation 1
A = future value
P= principal amount
i = interest rate
n = number of times money is compounded
P = 1000
i = 8 %
(Compounding period for semi annually = 2)
Dividing “i” by compounding period
Solving for future value using equation 1
You might be interested in
Answer:
B) at an x-intercept
Step-by-step explanation:
Hope this helps :))
Answer:
7
Step-by-step explanation:
Hello!
There are 1000 meters in a kilometer
Multiply 45km by 1000
45 * 1000 = 45000 cubic meters
The answer is 45,000 cubic meters
Hope this helps!
Im not sure what inequality means but it is 4°C<22°C