Answer:
$13,973.16
Step-by-step explanation:
The percent is 6.92%. Make that a decimal, and it's 0.0692. To make it go up instead of down, change it to 1.0692. Now if you multiply a number with 1.0692, the number will grow by 6.92%.
10,000 x 1.0692 = 10,692 (1st year)
10,692 x 1.0692 = 11,431.8864 (2nd year)
11,431.8864 x 1.0692 = 12,222.97293888 (3rd year)
12,222.97293888 x 1.0692 = 13.068.802666250496 (4th year)
13.068.802666250496 x 1.0692 = 13,973.1638107550303232 (5th year)
13,973.1638107550303232 = $13.963.16 (5th year total in $)
