Cole Jamison plans to make 5 annual deposits of $1500 each into an account earning 8 percent (per year) compounded monthly. If the first deposit is made today and the last deposit is made at t = 4, how much will be in the account at t = 8 if no more deposits were made after t-4? (Keep 6 decimal places.) a. $12,044 b. $12,178 8% c. $11,245 d. $12,077 e. $11,972 1500 TU 1500 N = 5X12 T2 1500 T3 1500 Ty 1500 T8

Cole Jamison plans to make 5 annual deposits of $1500 each into an account earning 8 percent (per year) compounded monthly. If the first deposit is made today and the last deposit is made at t=4, how much will be in the account at t=8 if no more deposits were made after t=4 ? (Keep 6 decimal places.) a. $12,044 b. $12,178 c. $11,245 d. $12,077 e. $11,972