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Mathematics, 28.04.2021 02:00 Jbutler15

For the following exercise, use the compound interest formula, A(t) = P

1 +
r
n
nt

,
where money is measured in dollars.

An account is opened with an initial deposit of $9,500 and earns 3.4% interest compounded semi-annually. What will the account be worth in 35 years? (Round your answer to the nearest cent.)

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For the following exercise, use the compound interest formula, A(t) = P

1 +
r

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