Answer:
$74 492.30
Step-by-step explanation:
P= 50 000
r= 8/100 = 0.08
n= 12
t= 5
P(1 + r/n) ^ (nt)
[tex] = 50000(1 + { \frac{0.08}{12} )}^{(12 \times 5)} [/tex]
=74492.285
