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Suppose that $2000 is invested at a rate of 4.7%, compounded semiannually. assuming that no withdrawals are made, find the total amount after 5 years

Suppose that $2000 is invested at a rate of 4.7%, compounded semiannually. assuming that no withdrawals are made, find the total amount after 5 years
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4 votes
suppose that $2000 is invested at a rate of 4.7%, compounded semiannually. assuming that no withdrawals are made, find the total amount after 5 years

asked
User Brian Vosburgh
by
8.4k points

1 Answer

4 votes

Answer:

The answer would be $2470

answered
User Ramsinb
by
8.2k points
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