Use the compound interest formula to find the account

Last updated: 4/7/2023

Use the compound interest formula to find the account balance A where P is principal r is interest rate n is number of compounding periods per year t is time in years and A is account balance P 1 57 609 6 2 r compounded Quarterly t 1 The account balance is approximately Simplify your answer Type an integer or decimal round to two decimal places as needed