If an amount of $10,000 is deposited into a savings account at an annual interest rate of 4%, compounded monthly, the value of the investment after 8 years is (a) $13,763.95 (b) $13,768.95 (c)...

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Extracted text: If an amount of $10,000 is deposited into a savings account at an annual interest rate of 4%, compounded monthly, the value of the investment after 8 years is (a) $13,763.95 (b) $13,768.95 (c) $13,765.95 (d) $13,769.95 Answer A В C Submit