Use this formula to calculate the amount at the end of five years:
A = P(1 + R/T)^(NT).........
Where
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
So, using your info, we have,
A = 2000(1 + .02/4)^(4*5)
A = 2000*(1.005)^(20)
Remember to do the exponent first, and you should be able to take it from there!!
Hope this helps
+130440 
