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