If $3,000 is deposited at the end of every six months into an account that earns 10% semiannually, find the amount after 10 years.

7959.83

Step-by-step explanation:

A = P (1+r/n) ^ nt

Where A is the amount in the account

P is the principal

r is the rate

n is the number of compoundings per year

t is the years

A = 3000 (1+.10/2) ^ 2*10

A = 3000 (1+.05) ^ 20

=7959.83