Answer:
$10,499.64
Step-by-step explanation:
^ means to the power of or exponent
* means multiply
semi annually = 2
formula is A = P(1 + r/n)^nt
make 4.25% into a decimal = .0425 = r
then plug it in
A = 7500(1+.0425/2)^2*8
A = 7,500.00(1 + 0.02125)^16
A = $10,499.64
