This is NOT a graded question. Already did a-c. Attached them for reference. Please help with part d. Thanks! c. As we will see later, the amount of money Pn in the account after month n is given byn0.085000 (1 + 029)".12Pn =Use this formula to check your calculations in Table 8.1.2. Then find the amount of money in theaccount after 5 years.d. How many years will it be before the account has doubled in value to $10000?5-Year amount = Syrs = 60 mos,so Pueo = 5000 CI+ 0.0812di| = 5000 (1006) 100J7449.23 Preview Activity 8.1.1. Suppose you receive $5000 through an inheritance. You decide to invest thismoney into a fund that pays 8% annually, compounded monthly. That means that each month yourinvestment earns 0.08P additional dollars, where P is your principal balance at the start of the month.So in the first month your investment earns12or $33.33. If you reinvest this money, you will then have $5033.33 in your account at the end of the firstmonth. From this point on, assume that you reinvest all of the interest you earn.90 5033 334 33.55=a. How much interest will you earn in the second month? How much money will you have in youraccount at the end of the second month? 5066.883000(190) 5033.37 (407) 33.550.0808.12b. Complete Table 8.1.2 to determine the interest earned and total amount of money in this investmenteach month for one year.Total amountof moneyin the account0$0.00$5000.001$33.33$5033.332 33.55 5066.883 33.28 5700.66434.00 5134166Month Interestearned45677834.23 $16.8934.46 $203.3534.69 5238.04,34.92 5272.965388.115343,5035.62 3379.125414.98935.1510 35.311112 35.46Table 8.1.2: Interest

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This is NOT a graded question. Already did a-c. Attached them for reference. Please help with part d. Thanks! c. As we will see later, the amount of money Pn in the account after month n is given byn0.085000 (1 + 029)&#34;.12Pn =Use this formula to check your calculations in Table 8.1.2. Then find the amount of money in theaccount after 5 years.d. How many years will it be before the account has doubled in value to $10000?5-Year amount = Syrs = 60 mos,so Pueo = 5000 CI+ 0.0812di| = 5000 (1006) 100J7449.23 Preview Activity 8.1.1. Suppose you receive $5000 through an inheritance. You decide to invest thismoney into a fund that pays 8% annually, compounded monthly. That means that each month yourinvestment earns 0.08P additional dollars, where P is your principal balance at the start of the month.So in the first month your investment earns12or $33.33. If you reinvest this money, you will then have $5033.33 in your account at the end of the firstmonth. From this point on, assume that you reinvest all of the interest you earn.90 5033 334 33.55=a. How much interest will you earn in the second month? How much money will you have in youraccount at the end of the second month? 5066.883000(190) 5033.37 (407) 33.550.0808.12b. Complete Table 8.1.2 to determine the interest earned and total amount of money in this investmenteach month for one year.Total amountof moneyin the account0$0.00$5000.001$33.33$5033.332 33.55 5066.883 33.28 5700.66434.00 5134166Month Interestearned45677834.23 $16.8934.46 $203.3534.69 5238.04,34.92 5272.965388.115343,5035.62 3379.125414.98935.1510 35.311112 35.46Table 8.1.2: Interest

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find the amount of money in account after 5 years. d. How many years will it be before the account has doubled in value to $10000?