How much would $300 invested at 4% interest compounded monthly beworth after 8 years? Round your answer to the nearest cent.

Substitute P = 300, r = 4% = 0.04, n =12, and t = 8 into the formula:
[tex]A(8)=300\left(1+\frac{0.04}{12}\right)^{8\times12}\approx412.92[/tex]Therefore, the correct answer is choice D:
$412.92