19. heather invests $4,900 in an account with a 3.5% interest rate, making no other deposits or withdrawals. what will heather’s account balance be after 5 years if the interest is compounded 2 times each year?

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above  

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step-by-step explanation: