The formula for calculating compound Amount is shown below
For the question before us,
P = $30,000
r = 4.25% = 4.25/100 = 0.0425
n = 365
t = 5
Substituting the values into the formula above, we have
A= $37,102.52 (nearest cent)
The value in dollars in the account after five years is $37,102.52 (nearest cent)