Question 1163464
.
<pre>

Future value is


    FV = {{{2000*(1 + 0.05/12)^(5*12)}}} = 2566.72 dollars.    <U>ANSWER</U>
</pre>

For details, see the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compounded interest percentage problems</A> 

in this site.


Find many other similar solved problems there.