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Use the compound-interest formula to find the account balance A, where P is principal, r is interest rate, n is number of compounding periods per

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Use the compound-interest formula to find the account balance A, where P is principal, r is interest rate, n is number of compounding periods per year, t is time, inyears, and A is account balance.Pr compounded11$50,422 79-% Quarterly 85tThe account balance is approximately $(Simplify your answer. Type an integer or decimal rounded to two decimal places as needed.)

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