For the following function modeling growth of an investment account with 8% interest compounded monthly, fill out the table.
The variable x represents the number of years that the account is growing. Round to 2 decimal places and do not put dollar signs on your answer.
�
(
�
)
=
2000
(
1
+
0.08
12
)
12
�
A(x)=2000(1+.08/12)^12x
x A(x)
0
2000
2
2362.25
5
3127.21
10
6578.86
15
10855.09
25
43451.50
35
178096.40