the compound interest formula a=p(1+r/n)^nt where p is the initial amount invested, r is the interest as a decimal, n is the number of times compound annually, the the number of years. Determine the value of the account if the initial investment is $8,000 compounded monthly at a rate of 6% after 10 years.

Option (D)

Step-by-step explanation:

Formula to calculate the final amount after 't' years is,

A =

Here P = Initial amount

r = rate of interest

n = number of times compounding done

t = duration of investment

For A = $8000

r = 0.06

t = 10 years

n = 12 (compounded monthly in a year)

Therefore, final amount =

                                        =

                                        =

                                        = 8000(1.8194)

                                        = $14555.17

Therefore, Option (D) will be the answer.

answer rather than having to add and subtract the measurements of the semi-circle, notice that the semicircle to the left of ad is actually identical in area to the blank semicircle-shaped space to the left of bc. so if we transferred the red semicircle into the blank space, we would end up with a square of side length 24 cm. the area of a square is s^2 = 24^2 = 676 cm^2.

u also answered this so i think u would know but i am here to

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