Question: automatically. A formula for compound interest is shown below, where A is the value of an account with a one-time principal P growing at

automatically. A formula for compound interest is shown below, where A is

automatically. A formula for compound interest is shown below, where A is the value of an account with a one-time principal P growing at an annual interest rate r for t years with n compound periods per year. A = P(1 + 72 ynt How many years will it take a $5,000 deposit into a savings account to grow to $7,500 with an interest rate of 2.5% compounded quarterly?

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