<span>A = P(1+r/2)^2t
A/P = (1+r/2)^2t
ln(A/P) = 2t ln((1+r/2))
ln(A/P)/ln(1+r/2) =2t
ln(9000/4190.51)/ln(1+0.052/2)=2t
t=15 yrs
therfore ans is C.14 years ,11 months</span>
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:99.7
Step-by-step explanation:
we can always find the slope of any line by simply using two points on the line, say let's use (3,4) and (-1,2)
