Solve the problem.Jeff received a gift from his grandfather of $6000, which he invested at an annually compounded interest rate of 
. Let V = f(t) represent the value (in dollars)of the account after t years or any fraction thereafter. Find an equation for f. What will be the value of the investment in 12 years?
A. V = 6000(1.12)t-1; $20,871.30
B. V = 6000(1.12)t; $23,375.86
C. V = 6000 + (720)(t - 1); $13,920.00
D. V = 6000 + t(720); $14,640.00
Answer: B
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