Answer:
$12,415.48
Step-by-step explanation:
A = P (1 + r/n)^(nt)
where A is the final amount,
P is the initial amount,
r is the annual interest rate as a decimal,
n is the number of compoundings per year,
and t is the number of years.
A = 8000 (1 + 0.152/2)^(2×3)
A = 8000 (1.076)^6
A = 12415.48
