SOLUTION: 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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Question 1039282: 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, in years, and A is account balance.
p= $12,089
r= 7.6 %
compounded= daily
t=5
the account balance is?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
where 
is the future value, 
is the present value or invested principal, 
is the decimal representation of the annualized interest rate, 
is the number of compounding periods per year, and 
is the number of years.
Plug in your numbers and do the arithmetic
John
My calculator said it, I believe it, that settles it
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