SOLUTION: Assume that an investment of $8000 earns an APR of 6% compounded monthly for 18 months. How much money is in your account after 18 months? (Round your answer to the nearest cen

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Question 1114395: Assume that an investment of $8000 earns an APR of 6% compounded monthly for 18 months.
How much money is in your account after 18 months? (Round your answer to the nearest cent.)
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
F=P%281%2Bi%29%5En
F=8000%281%2B0.06%2F12%29%5E%2818%29
F=8000%281.005%29%5E18
Work that out for the answer.