Deana invested 1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually how much total money will Deana earn in 15 years? 2,706.86 2,651.39 1,825.10 1,584.62

To solve this problem, we need to use the formula for compound interest: Where:- is the amount of money accumulated after years, including interest.- is the principal amount (the initial amount of money).- is the annual interest rate (in decimal form).- is the number of times that interest is compounded per year.- is the time the money is invested for, in years.Given:- - (since the interest is compounded semi-annually)- yearsNow, plug these values into the formula: Using a calculator to compute \( (1.03375)^{30} \): So, Therefore, the total amount of money Deana will earn in 15 years is approximately .The correct answer is: