A =
[tex]p(1 + \frac{r}{n})^{nt} [/tex]
p = principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
t = number of years the amount is deposited or borrowed for.
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year
[tex]2000(1 + \frac{.025}{4})^{4 \times 12} [/tex]
$2,697.20
