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4. 0/2 points| Previous Answers HarMathAp12 5.3.045. If $8,000 is invested at 9% per year compounded monthly, the future value S at any time t

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4. 0/2 points| Previous Answers HarMathAp12 5.3.045. If $8,000 is invested at 9% per year compounded monthly, the future value S at any time t (in months) is given by S = 8,000(1.0075) (a) What is the amount after 1 year? (Round your answer to two decimal places.) $8005.38 b) How long before the investment doubles? (Round your answer to one decimal place.) 7 X months Need Help? Read It Talk to a Tutor

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