If an initial principal P is invested at an annual rate r and the interest is...

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If an initial principal P is invested at an annual rate r and the interest is compounded n times per year, the amount A in the account after A = P(1 + 1)^². On May 31, 2009, the Annual Percentage Rate listed at Jeff's bank for regular savings accounts was 0.35% compounded monthly. Use the (a) If P= 5000 what is A(9)? (Round your answer to the nearest cent.) $ (b) Using the principal from part (a), solve the equation A(t)= 10000 for t. (Round your answer to two decimal places.) If an initial principal P is invested at an annual rate r and the interest is compounded n times per year, the amount A in the account after A = P(1 + 1)^². On May 31, 2009, the Annual Percentage Rate listed at Jeff's bank for regular savings accounts was 0.35% compounded monthly. Use the (a) If P= 5000 what is A(9)? (Round your answer to the nearest cent.) $ (b) Using the principal from part (a), solve the equation A(t)= 10000 for t. (Round your answer to two decimal places.)

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