The amount of ($ 24,800) deposited in a money market account bearing (2.53 %) interest compounded semiannually

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The amount of $\$ 24,800$ deposited in a money market account bearing $2.53 \%$ interest compounded semiannually for 13 years.

Find the future value of the account based on the information given.

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 10:00 AM

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The amount of ($ 24,800) deposited in a money market account bearing (2.53 %) interest compounded semiannually

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Contemporary Mathematics

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