Jasmine parents invested $14,000 at 5% per year compounded monthly how much money will there be in an account after 12 years ​

A=$25,141.99

Step-by-step explanation:

Compound interest formula is so:

A =

A = Amount

P = Principal

r = interest rate in decimal form

n = number of times interest is compounded per t

t = time

First we identify our variables and what we are solving for

We are solving for A, so no rearrangement is necessary

Simplify

for a more accurate answer round at the end

A=$25,141.99