What principal will amount to S2000 if invested at 4% interest compounded semiannually for 5 years?

The principal that will amount to $ 2000 if invested at 4% compounded semiannually for 5 years will be $ 1,640.69.

To determine what principal will amount to $ 2000 if invested at 4% interest compounded semiannually for 5 years, the following calculation must be performed:

Therefore, the principal that will amount to $ 2000 if invested at 4% compounded semiannually for 5 years will be $ 1,640.69.

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Formula for principal that amounts to $2000 if invested at 4% interest compounded semiannually for 5 years:

P = 2000 x ( 1 + 0.04/2)^(5 x 2)

  = 2437.99$

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66answer:

step-by-step explanation: