Question 567027
Principal P =	2000									
Amount=	A									
years=n	6.00									
compounded	12	times a year		t						
Rate =	7.00			0.01						
Amount =	P*((n+r)/n)^n*t									
										
Amount =2000*(1	+0.01)^	6*12
Amount =2000*(1	+0.01)^72			
	2000	*(	1.01	)^	72					
Amount =	3040.21									
										
Interest =	3040	-	2000	=	$1,040