Suppose Pat deposits $3,700.00 into a savings account that earns 3% interest compounded quarterly. , t _ Use the compound interest formula 4 = P (1-+ %)n to answer the following. a) How much money will Pat have in the account after 7 years? Round your answer to the nearest cent. 4 o : Preview s #E8Esadn $4512.88 Thatsnotit. b) How much more money would Pat have had in the account after 7 years if the interest was compounded monthly? Round your answer to the nearest cent. Preview 5 183.97 $ 183.97 Not quite