You are a freshman in college and are planning a trip to Europe when you graduate from college at the end of four years. You plan to save the following amounts annually, starting today: $640, $690, $690, and $750. If you can earn 7.60 percent annually, how much will you have at the end of four years

$2,980.4

Explanation:

To find the answer, we use the future value of an investment formula:

FV = PV(1 + i)^n

Where:

FV = Future value (the result we are looking forPV = Present value (the initial values that the question has given us)i = interest ratn = number of compounding periods

For the first $640:

FV = $640(1 + 0.0760)^1

FV = $688.6

For the $690

FV = $688.6 + $690 (1 + 0.0760)^1

FV = $1,431

For the second $690

FV = $1,431 + $690 (1 + 0.0760)^1

FV = $2,173.4

For the final $750

FV = $2,173.4 + $750 (1 + 0.0760)^1

FV = $2,980.4

So at the end of four years, you will have $2,980.4.

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?