To find the final amount of money in the account when it is deposited at compound interest compounded semi-annually, you can use the formula for compound interest:
[tex]A = P \left(1 + \frac{r}{n}\right)^{nt} [/tex]
Where:
- A is the final amount of money,
- P is the principal amount (initial deposit),
- r is the annual interest rate (in decimal),
- n is the number of times interest is compounded per year, and
- t is the time the money is invested for (in years).
You haven't provided the values for the principal amount, annual interest rate, time, and final amount. Once you provide those values, I can calculate the final amount for you.
