Question:

# The principal represents an amount of money deposited in a

Last updated: 9/15/2023

The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate Answer parts a and b Click the icon to view some finance formulas a Find how much money there will be in the account after the given number of years The amount of money in the account after 2 years is Round to the nearest cent as needed b Find the interest earned The amount of interest earned is Round to the nearest cent as needed FO Principal 4000 Rate 0 4 Compounded quarterly Submit quiz Time 2 years