Answer
$A=\$2,360$
Work Step by Step
The formula for the future value $A$ is:
$A=P(1+rt)$
where
P = principal amount borrowed
r = interest rate per year
t = time in years
Use the formula above to obtain:
$A=\$2000(1+6\%\cdot 3)
\\A=\$2000(1+0.06\cdot 3)
\\A=\$2000(1+0.18)
\\A=\$2000(1.18)
\\A=\$2,360$
