document.write( "Question 690549: find the accumulated value of an investment of $8000 at 3% compounded monthly for 3 years \n" ); document.write( "
Algebra.Com's Answer #426335 by rfer(16322)\"\" \"About 
You can put this solution on YOUR website!
FV=8000(1+0.03/12)^12*3
\n" ); document.write( "FV=8000(1.0025)^36
\n" ); document.write( "FV=8000*1.094
\n" ); document.write( "FV=$8752
\n" ); document.write( "
\n" );