Answer:
Hi there
The formula is
A=p (1+r)^t
A future value
P present value
R interest rate
T time
A) A=2,000×(1+0.04)^(3)=2,249.728
B) A=2,000×(1+0.04)^(18)=4,051.63
C) 2500=2000 (1+0.04)^t
Solve for t
T=log(2,500÷2,000)÷log(1+0.04)
T=5.7 years
D) t=log(3,000÷2,000)÷log(1+0.04)
t=10.3 years
Hope it helps
Step-by-step explanation:
