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Use the compound interest formula, A(t) = P(1 P(1+). An account is opened with an intialy deposit of $10,500 and earns 3.8% interest compounded
Use the compound interest formula, A(t) = P(1 P(1+)". An account is opened with an intialy deposit of $10,500 and earns 3.8% interest compounded semi-annually. Round all answers to the nearest dollar. a. What will the account be worth in 30 years? S b. What if the interest were compounding monthly? S c. What if the interest were compounded daily (assume 365 days in a year)? S Get Help: VIDEO Points possible: 1 This is attempt 1 of 3. Post this sucation to forum Submit
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