Calculate the future value of an investment of $5,000 at 0.8% per year, compounded monthly, after 8 years. Round your answer to the nearest cent.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Calculate the future value of an investment of $5,000 at 0.8% per year, compounded monthly, after 8 years. Round your
answer to the nearest cent.
Transcribed Image Text:Calculate the future value of an investment of $5,000 at 0.8% per year, compounded monthly, after 8 years. Round your answer to the nearest cent.
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