You are scheduled to receive $16,000 in two years. when you receive it, you will invest it for eight more years at 9.25 percent per year. how much will you have in ten years?

I will have $32 470.69 in 10 yr.

I am not investing until 2 yr from now so, in 10 yr time, I will have invested for only 8 yr.

The formula for the future value (FV) of my investment is

FV = C(1 + r)^n

where C = my initial cash

r = the interest rate

n = the number of years

FV = $16 000(1.0925)^8 = $32 470.69

3

step-by-step explanation:

in standard form:

a= dictionaries

b= maps

you have to buy 3 dictionaries, so put a 3 next to the a (dictionaries) so that you can multiply them by each other.

a3+b= 60 (the amount of money you have)

we already know the cost of a=15 so replace a with $15

($15 x 3)+b=60

multiply 15 and 3 to get $45 and replace it with $45

45+b=60

and then replace b with 15 to get the total:

45+15=60

that means you have $15 left after buying 3 dictionaries.

15 divided by the cost of a map ($5) equals 3.

so you can buy 3 maps.

sorry if it was confusing!