# SOLUTION: An investment broker deposits \$2000 into an account that earns 4.4% annual interest compounded twice a year. What is the value of the investment after 4 years?

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 Click here to see ALL problems on Money Word Problems Question 295481: An investment broker deposits \$2000 into an account that earns 4.4% annual interest compounded twice a year. What is the value of the investment after 4 years?Answer by rfer(12730)   (Show Source): You can put this solution on YOUR website!a=2000(1+.044/2)^4*2 a=2000(1.022)^8 a=2000*1.19 a=\$2380.33