Please help it’s due at midnight!!

Anthony deposits $2,000 twice a year into his IRA account. If this account earns 6.5% compounded
semi-annually, how much will Anthony have when he retires in 35 years? How much interest will
Anthony have earned over the 35 years?

Okay so honestly I'm not the best at math so I hope this helps:

18764.38

Step-by-step explanation:

To find amount we use formula:

A=P(1+rn)n⋅t

A = total amount

P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

In this example we have

P=$2000 , r=6.5% , n=2 and t=35 years

After plugging the given information we have

=2000(1+0.0652)2⋅35

=2000⋅1.032570

=2000⋅9.38219

=18764.38

Hope this helps

Good luck :)

a

step-by-step explanation: