Answer:
A = $ 50,978.44
Step-by-step explanation:
First, convert R percent to r a decimal
r = R/100
r = 5%/100
r = 0.05 per year,
Then, solve our equation for A
A = P(1 + r/n)nt
A = 45,000.00(1 + 0.004166667/12)(12)(2.5)
Answer: The 8 should have remained positive.
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