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2000 at 4% for 6 months
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3 votes
2000 at 4% for 6 months

User RobertB
by
8.9k points

1 Answer

7 votes

Answer:

2039.61

Explanation:

Use this formula to solve. FV = PV(1+i)^n

FV = Future Value

PV = Present Value

i = interest in decimal form

n = number of years

FV = 2000(1.04)^.5 = 2039.60780544

rounded to nearest cent 2039.61

$39.61 interest

User Somnath Kharat
by
8.2k points
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