4 points Save Answer The formula for the accumulated value with interest compounded n times in a year is: A = P( 1 +5)" where A is the accumulated value, P is the principal (the beginning amount of money), r is the interest rate per year (as a decimal), n is the number of compounding periods each year, and f is the time in years. If $500 is invested into an account for 8 years and the account earns a 6% interest rate compounded monthly, then: a. What is the total number of compounding periods? b. What is the periodic interest rate (that is, the interest rate per compounding period)? c. What is the accumulated value of the account after 8 years