Answer
\$$7621.42$
Work Step by Step
Solve using the formula $A=P(1+\frac{r}{n})^{nt}$ as instructed.
Identify values from the problem:
$P = 6000$
$r = 0.08$
$n=12$
$t=3$
Substitute values into the formula:
$A=6000(1+\frac{0.08}{12})^{36} \approx 7621.42$
