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
I think the answer is 120
Answer:
Step-by-step explanation:
a reciprocal is a number that when multiplied by a given number gives 1 as product.
16 * x = 1
x = 1/16
9/10 * x = 1
x = 10/9
Answer:
I pretty sure it is b and d plz give brainlyiest
Step-by-step explanation:
