When Abrams born his parent put $2000 in account that you did 1.2% interest compounded semi annually when he turns 16 in Spain to give him the money to buy a car how much will Abrams you receive on his 16th birthday

$2421.95

Step-by-step explanation:

To calculate the final value from compound interest, we can use the formula

A = P(1+r/n)^(nt), where A represents the final amount, P is the initial amount, r is the rate, n is the number of times compounded per time period, and t is the amount of time.

Here, P is 2000, 1.2% is the rate (to convert to a decimal, we can divide by 100 to get 0.012), n = 2 because it is compounded semi-annually, and 16 is the number of years, or t. Plugging these in, we get

2000(1+0.012/2)^(2*16) = 2421.95

c

step-by-step explanation:

c

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step-by-step explanation: