A Deposit of $ 5000 Is Made in an Account $A _ { n } = 5000 \left( 1 + \frac { 0.08 } { 12 } \right) ^ { n } , n = 1,2,3 , \ldots$

question 145

Multiple Choice

A deposit of $ 5000 is made in an account that earns 8 % interest compounded monthly.The balance in the account after n months is given by $A _ { n } = 5000 \left( 1 + \frac { 0.08 } { 12 } \right) ^ { n } , n = 1,2,3 , \ldots$ Find the balance in the account after 8 years by finding the 96th term of the sequence.Round to the nearest penny.

• A)$ 8,084,450.96
• B)$ 9462.29
• C)$ 9399.62
• D)$ 483200.00
• E)$ 9525.37

---

Definitions:

Internally

Refers to actions, processes, or affairs occurring within an organization or entity.

Learning Organizations

Entities that consciously cultivate a culture of continuous improvement and adaptability by encouraging the acquisition and sharing of knowledge.

Innovation Teams

Groups within an organization tasked with developing new ideas, solutions, or products to enhance the company's offerings or processes.

Change Agents

Individuals or groups who act as catalysts for change within an organization, driving and facilitating the change process.