Answer:
588000
Step-by-step explanation:
if i am wrong pls tell me cause i think there's a different answer gl g
$103,421.88
Given:
P = 70000
r = 0.05
n = 1
t = 8
Work:
[tex]A=P(1+\frac{r}{n} )^{nt}\\\\A=70000(1+\frac{0.05}{1} )^{1*8}\\\\A=70000(1.05)^8\\\\A=103421.88[/tex]
