Answer:
$5,674.30
Explanation:
Use the Compound Amount formula:
A = P(1 + r/n)^(n*t), where r = APR as a decimal fraction = 0.1499
and n = 12 (compounded monthly).
Then A = $2,000(1 + 0.1499/12) )^(7*12)
= $2,000(1 + 0.0125)^84
= $2,000(1.0125)^84 = $2,000(2.837) = $5,674.30