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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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is it a(8)=300(1+.06/1)^8 ??

The 300 and the 8 is correct.

is that is?

it?*

There's more to it of course.

so 8=300(1+.04/1)^96?

Actually, n = 12, not 96

oh oops. 8=300(1+.04/12)^96 ?

is it 1.04 for the numerator? or 1+ .04/12?

Actually you have it right it's 1 + .04/12

I admit, I'm a little distracted atm. Not fully paying attention.

okay. how do i solve it?

am i solving for a?

You're finding A(8). Everything on the right side of the equation only has to be calculated.

\[A(8)=300(1+\frac{ .04 }{ 12 })^96\]

like this? i tried to put the 6 up next to the 9 but it didn't work

Use brackets

\(A(8)=300\left(1+\dfrac{ .04 }{ 12 }\right)^{96}\)

i keep getting 51.61

the answer choices are
a) $412.92
b) $410.57
c) $308.10
d) $484.25

do you get 51.61?

Hang on

I get 412.918...

oh! okay. i see how you got that. thank you!!

You're Welcome bro.

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