Answer:
$14,644.63
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:

<em>P = initial balance
</em>
<em>r = interest rate
</em>
<em>n = number of times compounded annually
</em>
<em>t = time
</em>
<em />
First change 12% into a decimal:
12% ->
-> 0.12
Lets plug in the values:


Tammy will own $14,644.63 after 8 years,
4/15
Multiple the numerator by numerator, and denominator by denominator, then simplify