Answer
$998.47
Work Step by Step
$1000(\frac{0.03625}{2})\frac{1-(1+\frac{0.03705}{2})^{-2(2)}}{\frac{0.03705}{2}}+1000(1+\frac{0.03705}{2})^{-2(2)}=998.47$
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.