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You deposit $3.1 thousand at the end of every six months for the next 4 years into an IRA account that earns 6.5% annually (compounded
You deposit $3.1 thousand at the end of every six months for the next 4 years into an IRA account that earns 6.5% annually (compounded semiannually). How much will you have in the account after making the last deposit? Express the answer in $ thousands, round to the nearest $0.1 thousand. E.g., if your answer is $42,576, record it as 42.6.
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