Question:

To save for graduate school, a student invests $2400

Last updated: 7/8/2022

To save for graduate school, a student invests $2400

To save for graduate school, a student invests $2400 semiannually in an ordinary annuity with 6% interest compounded semiannually. Determine the accumulated amount in the student's annuity after 30 years. The accumulated amount will be $ (Round to the nearest cent as needed.)