Question 35 5 pts If you walk into a bank and open up a savings account you will earn interest on the money you deposit in the bank. If the interest is calculated once a year then the interest is called "simple interest". If the interest is calculated more than once per year, then it is called "compound interest". Euture Value Formule compound interest A- Where: A resulting amount future value) Pamount of principal (present value) p=annual interest rate number of compounding periods per year time (in years) A careful way to input this, as we did in class, is in the form: A=P(1+r)^(nt) BI e F4 F5 F6 F7 F8 F9 F10 F11 C