Determine the value of the account if the initial investment is $8,000 compounded monthly at a rate of 6% after 10 years

$14,555.17

Step-by-step explanation:

initial investment, p = $8,000

rater, r = 6% = 0.06

Number of times compounded yearly = 12

Time, t = 10 years

Amount, A = p(1 + r/n)^tn

A = 8000(1 + 0.06/12)^10*12

A = $14,555.17

step-by-step explanation:

you can add the two numbers and divide the result by 2. or you can find the gap between the two numbers and add half of this to the smaller number.

45

step-by-step explanation: