Question:

Suppose that $2000 is invested at a rate of 5.2%, compounded

Last updated: 8/8/2022

Suppose that $2000 is invested at a rate of 5.2%, compounded

Suppose that $2000 is invested at a rate of 5.2%, compounded quarterly. Assuming that no withdrawals are made, find the total amount after 4 years. Do not round any intermediate computations, and round your answer to the nearest cent.