Question 1202449

A = P + I where

P (principal) = $1,800.00

2.46% = 0246/2= 0.0123
5 years
2 times/year

A = P(1 + r/n)^nt
A = 1,800.00(1 + 0.0246/2)^(2)(5)
A = 1,800.00(1 + 0.0123)^(10)
A = $2,034.07