Answer
$2971.89$
Work Step by Step
$2000(1+\frac{0.08}{4})^{4 \times 5}$
$2000(1+\frac{0.08}{4})^{20}$
$2000(1.02)^{20}$
$2971.894792$
Prealgebra (7th Edition)
by Martin-Gay, Elayn
Published by
Pearson
ISBN 10:
0321955048
ISBN 13:
978-0-32195-504-3
Chapter 7 - Section 7.6 - Percent and Problem Solving: Interest - Exercise Set - Page 519: 27
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