Solve for X $\$ 8000$ At an Annual Rate Of $5.4 \%$

question 70

Multiple Choice

Solve for x.
-Mary is investing $\$ 8000$ at an annual rate of $5.4 \%$ compounded annually. How much money will Mary have after 6 years? Use the interest formula $A = P \left( 1 + \frac { r } { n } \right) ^ { n t }$ . Round the answer to the nearest cent.

• A) \(\$ 50,592.00\)
• B) \(\$ 10,592.00\)
• C) \(\$ 106,712.26\)
• D) \(\$ 10,968.16\)

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