Answer:
$4439.28
Step-by-step explanation:
The future value is computed using the formula ...
FV = P(1 +r/n)^(nt)
where P is the principal invested at annual rate r compounded n times per year for t years.
Using the given values, the future value is ...
FV = $2000(1 +0.08/12)^(12·10) ≈ $4439.28
You will have $4439.28 in the account after 10 years.
