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
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Answer:
C
Step-by-step explanation:
Answer:
The answer is 176
Step-by-step explanation:
Multiply 16 by 11.
Answer:
85 degrees
Step-by-step explanation:
its really easy just make them equal to eachother and then solve
9x + 13 = 11x-3
-11x (subtract because 11x is positive)
-2x +13 = -3
-13 (subtract because 13 is positive)
-2x = -16
divide both sides by -2
x= 8
substitute 8 for the x's and you have your answer
Answer:
0.33333333333
Step-by-step explanation: