Answer:
Step-by-step explanation:
A=P(1+r/n)^t*n
A=2000(1+.03)^2
A=2000(1.03)^2
A=2000(1.0609)
A=2121.80
Since it’s per year I didn’t divide 1 by .03 or multiply it by 2 since it would end in the same equation. If you were to do semiannually or any other payment period, the process would have been nessassary.
Hope this helps!
