hi

4t The amount of money, A(t), in a savings account that pays 6% interest, compounded quarterly for t years, with an initial investment of P dollars, is given by A(t) = P [1 + T] . If $16,000 is invested at 6%, compounded quarterly, how much will the investment be worth after 8 years? How much money will there be in the account at the end of 8 years? 515D (Round to the nearest cent as needed.)