Question 636161
Formula {{{FV=P(1+r/n)^(nt)}}}
{{{P=2000}}}-present value
{{{r=5/100=0.05}}} - annual nominal interest rate (as a decimal, not in percentage)
{{{n=4}}} number of times the interest is compounded per year

{{{t=4}}} number of years
{{{FV=2000*(1+0.05/4)^(4*4)=2440}}}