Question: The compound interest formula is A = P(1+r/m) ^mt where P is the principal, A is the ending amount, r is the annual interest rate,

The compound interest formula is A = P(1+r/m) ^mt where P is the principal, A is the ending amount, r is the annual interest rate, m is the number of compounding periods, and t is the number of years. Billy invests $5,000 in an account at 4.2% for 15 years, compounded monthly. Assuming no other deposits or withdrawals are made, how much will Billy have at the end of years

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