Simmons Cervantes
10/01/2023 · Middle School
In order to pay for college, the parents of a child invest \( \$ 10,000 \) in a bond that pays \( 10 \% \) interest compounded semiannually. How much money will there be in 21 years? Round your answer to the nearest cent. In 21 years the bond will be worth \( \$ \)
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The bond will be worth approximately $77,615.88 in 21 years.
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