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(Solved): Luke deposited $3500 into a savings account that earns 3.00% annually but is compounded 2 times per ...



Luke deposited $3500 into a savings account that earns 3.00% annually but is compounded 2 times per year. He plans to leave the funds in the accounts for 5.50 years. However, at the end of 2.50 years, Luke has to withdraw $1000. What amount will be in the account at the end of the original 5.50 years $ Do not use dollar signs or commas in your answer. Include two decimals in your answer.



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