Isaacochoa780
27.06.2020 •
Mathematics
A business worth $125,000 is expected to grow at 3% per year compounded annually for the next 2 years. Find the expected future value.
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Ответ:
617.48
Step-by-step explanation:
SI = P x R x T / 100
SI = Simple Interest
P = Principal
R = Rate
T = Time
SI = 359 x 9 x 8 / 100
=> SI = 2872 x 9 /100
=> SI = 25848 /100
=> SI = 258.48
New Balance = Principal + Simple Interest
=> New Balance = 359 + 258.48
=> New Balance = 617.48