Question: Find the compound amount for the deposit and the amount of interest earned. $740 at 4.2% compounded semiannually for 15 years The compound amount (future

Find the compound amount for the deposit and the amount of interest earned. $740 at 4.2% compounded semiannually for 15 years


The compound amount (future value) can be calculated using the compound interest formula: A = P (1+1) nt 

The compound amount (future value) can be calculated using the compound interest formula: A = P (1+1) nt

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