find the amount in the account for the given principal, interest rate, time, and compounding period.\n\n$p =…

find the amount in the account for the given principal, interest rate, time, and compounding period.\n\n$p = \\$3,620$, $r = 2.5\\%$, $t = 23$ years; compounded monthly\n\n$a = \\$\\square$\n(type an integer or decimal rounded to the nearest cent as needed.)

find the amount in the account for the given principal, interest rate, time, and compounding period.\n\n$p = \\$3,620$, $r = 2.5\\%$, $t = 23$ years; compounded monthly\n\n$a = \\$\\square$\n(type an integer or decimal rounded to the nearest cent as needed.)

Answer

Explanation:

Step1: Identify the compound interest formula

$$A = P \left(1 + \frac{r}{n}\right)^{nt}$$

Step2[LLM SSE On Failure]