Alexander's parents are saving for his college fund. They Which formula would be used for this situation
put $8,000 into an interest-bearing account with an
A = (8,000 + 0.045) 12
annual compound interest rate of 4.5%.
A = 8,000 (1 + 0.045) 12
Alexander's parents want to determine what the balance
of his college fund account will be after 12 years.
A = 8,000 (1 + 0.12) 4.5
A = 8,000 - 0.045 - 12
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