Barbara puts $500.00 into an account to use for school expenses. the account earns 14% interest, compounded annually. how much will be in the account after 7 years?use the formula A= P ( 1 + ).where A is the balance (final amount), p is the principal ( starting amount), r is the Internet rate express as a decimal, n is number of time per year that the interest is compounded, and T is the time in years. Round, your answer to the nearest cent