Question: 57-62: Compound Interest. Use the compound interest formula to compute the balance in each account after the stated period of time, assuming that interest is

57-62: Compound Interest. Use the compound interest formula to compute the balance in each account after the stated period of time, assuming that interest is compounded annually. 57. $20,000 is invested at an APR of 3.5% for 20 years. 58. $40,000 is invested at an APR of 2.8% for 30 years

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