If You Deposi $\$ 100$ Nto an Account That Pay $5 \%$

question 4

Short Answer

If you deposi $\$ 100$ nto an account that pay $5 \%$ APR compounded semiannually, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

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Definitions:

Avoid The Contract

The act of declaring a contract null and void, meaning it is treated as if it never existed due to breaches or violations of terms.

Ratification

The act of accepting and giving legal force to an obligation that previously was not enforceable.

Legal Force

the effect or power of law enforced by judicial or governmental institutions to mandate compliance or punish violations.

Mentally Incompetent

A legal status indicating that an individual lacks the mental capacity to manage their own affairs or make important decisions.