If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years?

Answer 1

Use
A = PRⁿ
A=future amount
P=principal (present value)
R=rate of interest, 1.08 for 8%
n=number of periods, number of years if the interest rate is compounded yearly.

Answer 2

i got 1.052432401^11 but i doubt its right because i suck at math and i came on this site looking for this answr but noooo t made me answr it for whoever you are.:(