Module 7: Simple Interest I=PrtS=P(1+rt)P=1+rtSI=SP I: Amount of Interest (\$) S: Future Value (\$) P: Present Value (\$) r : Nominal rate of interest (%) t : Time Module 8: Compound Interest FV=PV(1+i)nPV=FV(1+i)norPV=(1+i)nFVi=mjn=mtCI=FVPVFV:FutureValue($)PV:PresentValue($)j:Nominalinterestrate(%)m:Frequencyofcompoundingperiodsperyeari:Periodicinterestrate(%)t:Time(years)n:TotalnumberofcompoundingperiodinthetermCI:CompoundInterestamount($) Pari invested $8,850 in an account earning 8.8% p.a. How many months did it take for her investment to earn an interest of $256 ? (Round up your answer to the next month) months