The amount of money the person would have in 8 years s $2541.74.
<h3>How much would the person have in 8 years? </h3>
The formula for calculating future value is:
FV = P (1 + r)^nm]
Where:
FV = Future value
- P = Present value = $2000
- R = interest rate = 3% / 12 = 0.25%
- m = number of compounding = 12
- N = number of years = 8 years
Value of the account in 8 years with monthly compounding = $2000(1.0025)^(12 x 8) = $2541.74
To learn more about future value, please check: brainly.com/question/18760477
The length is 12, because if it's 9 inches wide it has two sides of 9 inches which is 18. Then subtract that from the intial value 42 to get 24. After, you divide 24 by 2 due to there being 2 sides of the box and 24 is the sum of both sides. Hopethis helps!
Answer:
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Option D will be your answer
hope it helps...
have a great day!!
Answer:
Step-by-step explanation:
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