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(Solved): The principal represents an amount of money deposited in a savings account subject to compound int ...
The principal represents an amount of money deposited in a savings account subject to compound interest \table[[Principál,Rate,Compounded,Time],[
$4500,
0.6%,quarterly,4 years]] at the given rate. Answer parts (a) and (b). Click the icon to view some finance formulas. a. Find how much money there will be in the account after the given number of years. The amount of money in the account after 4 years is
$(Round to the nearest cent as needed.) b. Find the interest earned. The amount of interest earned is
$
q,(Round to the nearest cent as needed.)
