To save for graduate school, a student invests $1470 semiannually in an ordinary annuity with 3% interest compounded semiannually. Determine the accumulated amount in the student's annuity after 15 years. The accumulated amount will be $ (Round to the nearest cent as needed.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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To save for graduate school, a student
invests $1470 semiannually in an ordinary
annuity with 3% interest compounded
semiannually. Determine the accumulated
amount in the student's annuity after 15
years.
The accumulated amount will be $
(Round to the nearest cent as needed
Transcribed Image Text:To save for graduate school, a student invests $1470 semiannually in an ordinary annuity with 3% interest compounded semiannually. Determine the accumulated amount in the student's annuity after 15 years. The accumulated amount will be $ (Round to the nearest cent as needed
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