Question 322867
Hello, 
The formula we want to follow is:
A=P(1+r/n)^nt
P is the principal ($5,000)
r is the rate (.08)
n is number times per year (12)
t is the number of years (2)
Plug these in and we get:
A=5,000(1+.08/12)^24
At this point we'll need a scientific Calculator. 
I don't have one available right now so go ahead
and do the calculations. 
RJ