Please Help Me!!!
$1,000 is invested at a rate of 3.25%, compounded annually. Identify the compound interest function that models the situation. Then find the balance after 8 years.
A = 1000(1.03)4t ; $1,249.18
A = 1000(13.26)4t ; $1,259.18
A = 1000(1.0325)t ; $1,291.58
A = 1000(1.0325)t ; $1,270.18