Please show all work as you apply 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?