If you invest $8,000 at 12% interest, how much will you have in 7 years?

Answer 1

Does the interest compound? How often?

Is 12% the yearly interest?

Answer 2

N-84 (7*12)
I\Y-12%
P\Y-1
C\Y-1
PV-(8000)
PMT-0
FV-108,994,326

I think you do it this way but the number is too big...