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
Answer:
1/5
Step-by-step explanation:
-8-(-10) 2 1
---------- = ------ = --------
1-(-9) 10 5
Answer:
if you find the age of bob the rest is easy
Step-by-step explanation:
Answer:
n = 9
Step-by-step explanation:
Step 1: Write equation
-4(9n + 9) = -12(4n - 6)
Step 2: Solve for <em>n</em>
<u>Distribute:</u> -36n - 36 = -48n + 72
<u>Add 48n to both sides:</u> 12n - 36 = 72
<u>Add 36 to both sides:</u> 12n = 108
<u>Divide both sides by 12:</u> n = 9
Step 3: Check
<em>Plug in n to verify if it's a solution.</em>
-4(9(9) + 9) = -12(4(9) - 6)
-4(81 + 9) = -12(36 - 6)
-4(90) = -12(30)
-360 = -360
