Each answer should be correct to the nearest penny.

5 Years:

10 Years:

15 Years:

Each answer should be correct to the nearest penny.

5 Years:

10 Years:

15 Years:

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Scottsdale, AZ

P(t) = 30400(1+.05/2)^(2t), where t is the number of years of investment.

P(5) = $38914.57

P(10) = $49813.94

P(15) = $63766.05

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