Suppose that 2000 is invented at a rate of 3.5%, compounded semiannually. Assuming that no withdrawals are made, find the total amount after 4 years. Do not round any interminate computations, And round your answer to the nearest cent.

$2,297.76

Step-by-step explanation:

Present value: P = 2000

Future value: F

Annual interest rate: r = 3.5% = 0.035

Time: t = 4 years

Number of compounding periods per year: n = 2

$2,297.76

it would have to be 3/0

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