Chapter 9 - Section 9.3 - Exponential Functions - Exercise Set - Page 560: 47

$7621.42

$A = P*(1+\frac{r}{n})^{n*t}$ $t=3*12$ $P=6000$ $r=.08$ $n=12$ $A = P*(1+\frac{r}{n})^{n*t}$ $A = 6000*(1+\frac{.08}{12})^{12*3}$ $A = 6000*(1+.006666)^{36}$ $A = 6000*(1.006666)^{36}$ $A = 6000*1.270237$ $A = 7621.42$