Use the compound-interest formula to find the account balance A, where P is principal, r is interest rate, n is number of

Question

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.)

Kunduz · Accepted Answer

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