Question:
Use the compound-interest formula to find the account
Last updated: 7/4/2022
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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 r compounded 1 1 $50,422 79 -% Quarterly 85 t The account balance is approximately $ (Simplify your answer. Type an integer or decimal rounded to two decimal places as needed.)