Alice invests $18,000 in an account offering 3% interest compounded biannually (2 times per year).
A) Find the value of the account after 8 years. Round your answer to the nearest cent.
B) How many years until the account value reaches $34,000? Round your answer to the nearest year.

Question

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The Answer of Alice invests $18,000 in an account offering 3% interest compounded biannually (2 times per year).
A) Find the value of the account after 8 years. Round your answer to the nearest cent.
B) How many years until the account value reaches $34,000? Round your answer to the nearest year.

Alice Invests $18,000 in an Account Offering 3% Interest Compounded