The account balance can be modeled by the exponential formula S(t)=P(1+nr)nt, where S is the future value, P is the present value, r is the annual percentage rate written as a decimal, n is the number of times each year that the interest is compounded, and t is the time in years.(A) What values should be used for P,r, and n ?P=□ , r= □ , S1 □(B) How much money will Stephen have in the account in 10 years?Answer S3 □Round answer to the nearest penny.Question Help:□Video Get tutor helpThe account balance can be modeled by the exponential formulaS(t)=P(1+nr)nt, where S is the future value, P is the present value, r is the annual percentage rate written as a decimal, n is the number of times each year that the interest is compounded, and t is the time in years.(A) What values should be used for P,r, and n ?P=□,r=□,n=□(B) How much money will Forest have in the account in 8 years?Answer = \$ \( \square \)\(\newline\)Round answer to the nearest penny.\(\newline\)Question Help:\(\newline\)Video Get tutor help