Answer:
$1,954.72
Step-by-step explanation:
V = P ( 1 + [ r / n ] ) ^ n * t
where:V = the value of investment at the end of the time periodP = the principal amount (the initial amount invested)r = the annual interest raten = the annual frequency of compounding (how many times a year interest is added)t = the number of years the money is invested^ means raise to the power of
