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Bruce wants to buy set of antique bat figurines

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Bruce wants to buy a set of antique bat figurines. He can't afford them now, but believes that in 8 years, they will cost $6,000. He can invest $3,000 into an account today, which he will let sit for the whole 8 years. This account earns 9% interest, compounded monthly. How much will this investment grow to by the end of the 8 years?

A. $2,928.37

B. $12,293.53

C. $5,977.69

D. $6,146.76

Reference no: EM133272877

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