Answer: Okay so honestly I'm not the best at math so I hope this helps:
18764.38
Step-by-step explanation:
To find amount we use formula:
A=P(1+rn)n⋅t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
In this example we have
P=$2000 , r=6.5% , n=2 and t=35 years
After plugging the given information we have
=2000(1+0.0652)2⋅35
=2000⋅1.032570
=2000⋅9.38219
=18764.38
Hope this helps
Good luck :)
