Question: Consider the following function: A(P,r,n,t)=P(1+rn)nt where the variables have the following meaning: A = amount accumulated P = principal r= interest rate n= compoundings per

Consider the following function:

A(P,r,n,t)=P(1+rn)nt

where the variables have the following meaning:

A = amount accumulated

P = principal

r= interest rate

n= compoundings per period

t= number of periods

P=400, r=5.5%, n=12, and t = 12.

(Round your answer to the nearest whole number.)

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