document.write( "Question 472417: If $895 is invested in an account that earns annual interest of 3.5%, compounded semiannually, what will the account balance be after 15 years? (Round your answer to the nearest cent.)
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Algebra.Com's Answer #323896 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "A= p(1+r/n) ^nt 
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document.write( "$895 is invested in an account that earns annual interest of 3.5%,
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document.write( " what will the account balance be after 15 years? 
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document.write( "A = $895(1+ .035/2) ^30
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document.write( "A = $895(1.0175) ^30
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document.write( "A = $1506.11 \n" );
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