Answer:
F=$4461.77
Step-by-step explanation:
[tex]F=P(1+i)^{n}[/tex]
Here
F= value of money after 2 years
P= present value
i= interest
n= number of compound on money
P=$4000 i = 5.5%/4=0.01375 n=2x4= 8
[tex]F=4000(1+0.01375)^{8}[/tex]
[tex]F=4000(1.01375)^{8}[/tex]
[tex]F=4000(1.1154)[/tex]
[tex]F=$4461.77[/tex]
