An investor invests $⁢2,000 at an annual interest rate of 3%, compounded annually. What is the future value of the investment after 4 years? Formula: F⁢V=P⁢V⋅(1+(r)/(n))^n⋅t

For annual compounding, use n = 1, so the investment grows by 3% each year for 4 years: FV = $2,000 × (1 + 0.03)⁴ = $2,251.01762. Rounded to the nearest cent, the future value is $2,251.02, choice A.

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