Math  /  Algebra

QuestionIf $1000\$ 1000 is deposited in an account yielding an annual interest rate of 10%10 \% compounded semi-annually, how much will be in the account after 30 years? Don't include the dollar sign in your answer. Give your answer to 2 decimal places. Use the formula: A=P(1+rn)ntA=P\left(1+\frac{r}{n}\right)^{n t} where P=1000,r=0.10,n=2,t=30, A=\mathrm{P}=1000, \mathrm{r}=0.10, \mathrm{n}=2, \mathrm{t}=30, \mathrm{~A}= ?

Studdy Solution
After 30 years, the account will have approximately **18679.25**.

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