SOLUTION: interest is compounded semiannually. Find the amount in the account after the given time: Principal Rate of interest Time $2000 5% 3 years

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Question 138382: interest is compounded semiannually. Find the amount in the account after the given time:
Principal Rate of interest Time
$2000 5% 3 years
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
2000(1+.05/2)^3*2
2000(1.025)^6
2000*1.15969
$2,319.39 answer.