$20,000 is invested at an annual interest rate of 12%, compounded semi-annually. What is the balance after 10 years?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 49E
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$20,000 is invested at an annual interest rate of 12%, compounded semi-annually. What is the balance after 10 years?
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