How much would $300 invested at 4% interest compounded monthly be worth after 8 years? Round your answer to the nearest cent.
here's the equation: A(t)=P(1+r/n)^nt
i just don't know what to put where please help

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@Hero @mathstudent55

What I mean to ask is, what do you think each variable in the formula means?

Obviously t is in years, so 8 = t. You probably know that much at least.

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