What is the future value of a 10-year investment of $2000 at an APR of 7% compounded monthly? (Round your answers to the nearest cent.) $

Explain what your answer means.
This means a $
investment now will be worth $
in the future with the assumed constant APR.

intensity of the vector is v= √37 ≈ 6.08 units and make angle ∡α ≈ 9.46° with east direction

step-by-step explanation:

required vector is consists of the two componentsvx= 2+4=6 units   and vy= 1 unit and vx ⊥ vywe will use pythagorian theorem to find intensity of the vector vv∧2 = vx∧2 + vy∧2 => v = √vx∧2 + vy∧2 = √6∧2 + 1∧2 = √36+1 = √37 ≈ 6.08 unitsthe angle ∡α between vector and east direction we wil find with tanαtanα = 1/6 => α = arc tanα = arc 1/6 => α ≈ 9.46°

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c: lkllmn.

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