Question: nt The formula A = P | 1+ describes the accumulated value, A, of a sum of money, P, the principal, after t years at

 nt The formula A = P | 1+ describes the accumulated

value, A, of a sum of money, P, the principal, after t

nt The formula A = P | 1+ describes the accumulated value, A, of a sum of money, P, the principal, after t years at n annual percentage rate r (in decimal form) compounded n times a year. Complete the table for a savings account subject to n compounding periods per year Amount Number of Annual Interest Accumulated Time t Invested Compounding Periods Rate Amount in Years $13,000 4 4.75% $25,000 ? years (Do not round until the final answer Then round to one decimal place as needed.)

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