Suppose you invest $2000 at annual interest rate of 4.5 % How much money do you have in the account after five years? Round two decimal places.

compounded quarterly $

compounded semi-annually $

Please check the explanation.

Step-by-step explanation:

To find the amount we use the formula:

Here:

A = total amount

P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

Given

P=$2000

r=4.5%

n=4

t = 5 years

Calculating compounded quarterly

After plugging in the values

Thus, If you deposit $2000 into an account paying 4.5% annual interest compounded quarterly, you will have $2501.50 after five years.

Calculating compounded semi-annually

n = 2

Thus, If you deposit $2000 into an account paying 4.5% annual interest compounded semi-annually, you will have $2,498.41  after five years.

not enough information

step-by-step explanation:

we cannot know this, because the other students could have handed out 10 flyers, or they could have handed out 100. one way, the mean would go up, and another way, the mean would go down.

tangent

step-by-step explanation: