This is Section 1.5 Problem 18:

Assume that John deposits $8,000 into an account that has a 2.4% annual interest rate for 8 years.

(a) If the interest is compounded annually, there will be $in the account.

(b) If the interest is compounded monthly, there will be $in the account.

(c) If the interest is compounded weekly, there will be $in the account.

(d) If the interest is compounded daily, there will be $in the account.

(e) If the interest is compounded continuously, there will be $in the account.