The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned Principal: $5000 Rate: 5% Compounded: annually Time: 3 years Principal: $8500 Rate: 5% Compounded: quarterly Time: 5 years Principal: $3500 Rate: 4.5% Compounded: monthly Time: 4 years

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