Juan is 12. His father put $2000 into his bank account. The account
gained interest at a rate of 2.3% per year, compounded bi-monthly.
Assuming no more money was deposited and none was withdrawn, how
much money will be in the account when Juan turns 18? Round to the
nearest cents.
A=P
n
A accumulated amount
P = principal
r = interest rate
n = compounding per period
t = number of periods