Question: 1 . The principal represents an amount of money deposited in a savings account kubject to compound interest at the Oven rate. Princi al $30,000
The principal represents an amount of money deposited in a savings account kubject to compound interest at the Oven rate. Princi al $30,000 A_ Find how much moneythere will be in the account after the given numbe of years. -1 Rate 5.5% Com unded dally Time 20 years B_ Find the interest earned. O Click the icon toview some finance formulas. A. The amount of money in the account after 20 years is $13 (Round to the' nearest hundredth as needed.) Formulas In the provided formulas, Ais the balance in the account after t years. P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the Investment's effective annual yield in decimal form. Print Done
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