Question is in description I need help

Question

Lisa borrowed $8000 at a rate of 6.5%, compounded annually. Assuming she makes no payments, how much will she owe after 7 years? round your answer to the nearest cent

Answer 1

A = p(1 + r)^t

A = 8000(1 + 0.065)⁷

A = 8000(1.065)⁷

 

Can you take it from here?

 

A ≈ 8000(1.554)

A ≈ 12431.89