Question:

Suppose that $5000 is deposited into an account that earns

Last updated: 7/18/2022

Suppose that $5000 is deposited into an account that earns

Suppose that $5000 is deposited into an account that earns 3.5% interest compounded Semiannually. Let f(t) represent the value (in dollars) of the account at t years after depositing the $5000. Find the value of the account at t = 4 years. (Round your answers to two decimal places.) {Round your final answer to two decimal places}