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Use the compound interest formula to find the account balanceA, where P isprincipal, r is interestrate, n is number of compounding periods peryear, t istime,

Use the compound interest formula to find the account balanceA, where P isprincipal, r is interestrate, n is number of compounding periods peryear, t istime, inyears, and A is the account balance.

P- $110,000

r - 4.5%

compounded - annually

t - 5

The account balance is approximately $?

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