41) gabriella invests $8,193 in a retirement
account with a fixed annual interest rate of
8% compounded 6 times per year. what
will the account balance be after 18 years?
a) $31,340.53 b) $37,085.87
c) $34,252.67 d) $40,729.29

Option C.  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above