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the compound interest formul. Be sure to let your calculator store as many decimal digits as possible in every step; followed by rounding your final answer to the nearest penny.

the compound interest formul. Be sure to let your calculator store as many decimal digits as possible in every step; followed by rounding your final answer to the nearest penny.
Formula must be followed with complete breakdown
A = P(1+r/n)(nt)
P = principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
t = number of years the amount is deposited or borrowed for.
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year
1) Scott creates a new compound-interest calculator app that he then sells to Google for $2,000,000. If he invests that money in a mutual fund that averages 11.79% interest compounded quarterly, how much will he have at the end of 5 years?
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