The Answer: A = $ 13,421.56
Formula A=P(1 + r/n)^(nt) A=10000(1+0.059/12)^(12(5)) = $ 13,421.56
V = the future value of the investmentP = the principal investment amountr = the annual interest raten = the number of times that interest is compounded per yeart = the number of years the money is invested for
