Answer
\$$4065.59$
Work Step by Step
Solve using the formula $A=P(1+\frac{r}{n})^{nt}$ as instructed.
Identify values from the problem:
$P=2000$
$r=0.06$
$n=2$
$t=12$.
Substitute values into the formula:
$A=2000(1+\frac{0.06}{2})^{24}≈4065.59$.
