Sunfresh Markets made a $13,000.00 investment in a compound interest account paying 8% compounded monthly. What was the value of its investment at the end of 8 months? (CHOSE THE CLOSEST ANSWER)
a. 12710.00
b. 13710.00
c. 13860.00
d. 14710.00
e. 24062.00
Dear Guest,
While your questions are appreciated, you may want to ask fewer of them so that we have more time to answer all of them in detail. Assuming the last few questions are yours:)
Try to explain in more detail, so that if they didn't already know the answer they can learn. :)