Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Suppose that $2000 is loaned at a rate of 17%, compounded semiannually. Assuming that no payments are made, find the amount owed after 5 years.
Do not round any intermediate computations, and round your answer to the nearest cent.