Compound interest is given by the formula a = p ( 1 + r ) t a=p(1+r)t. where a a is the balance of the account after t t years, and p p is the starting principal invested at an annual percentage rate of r r, expressed as a decimal. evan is investing money into a savings account that pays 5% interest compounded annually, and plans to leave it there for 10 years. determine what evan needs to deposit now in order to have a balance of $30,000 in his savings account after 10 years. evan will have to invest $ now in order to have a balance of $30,000 in his savings account after 10 years. round your answer up to the nearest dollar.