9514 1404 393
Answer:
$42,247.19
Step-by-step explanation:
Perhaps you want to know the value at the end of that period.
A = P(1 +r/n)^(nt)
amount of principal P earning interest at rate r compounded n times per year for t years
A = $12,000(1 +0.08/2)^(2·18) = $42,247.19
The value of the investment in 18 years will be $42,247.19.
