Question 596990
{{{A = P(1 + r/n)^(nt)}}}


{{{A = 10000(1 + 0.08/1)^(1*1)}}}


{{{A = 10000(1 + 0.08)^(1*1)}}}


{{{A = 10000(1 + 0.08)^1}}}


{{{A = 10000(1.08)^1}}}


{{{A = 10000(1.08)}}}


{{{A = 10800}}}


So after one year, you'll have <font color="red">$10,800</font> in the account.