How much would $150 invested at 8% interest compounded monthly be worth after 13 years? round your answer to the nearest cent. here's the equation: a(t)=p(1+r/n)^nt

Using that equation, our P = 150, r = .08, t = 13, and n = 12 (because there are 12 months in a year).  Filling in accordingly, we have  .  Simplifying a bit we have  .  Doing the addition inside the parenthesis and then raising that number to the 156th power, we have .  Multiply those and get A(t) = $422.92

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