Use the compound interest formula, A(t) = P(1+r/n)ⁿᵗ An

Last updated: 7/26/2022

Use the compound interest formula, A(t) = P(1+r/n)ⁿᵗ An account is opened with an initialy 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? $▢ b. What if the interest were compounding monthly? $▢ c. What if the interest were compounded daily (assume 365 days in a year)? $▢