An account is opened with an initial deposit of $9,500 and e…

An account is opened with an initial deposit of $9,500 and earns 3.7% interest compounded semi-annually.  What would the account be worth in 20 years?  (Round your answer to the nearest cent.) Hint:  For the following, recall the compound interest formula, , where A(t) is the future value, P is the initial investment, r is the annual interest rate, n is the number of times compounded in a year, t is time in years.