Question 935854
you can solve using an online calculator.
set present value = 0
set future value = 0
set number of pmts = 13 * 12 = 156
set interest per pay period % = 5/12 = .416667
set payment at to end


use the calculator to tell you that fv = $43,821.89


the calculator i used can be found at <a href = "http://www.arachnoid.com/lutusp/finance.html" target = "_blank">http://www.arachnoid.com/lutusp/finance.html</a>


that website also shows you the manual formula you would use.
if you use the manual formula, you will be using the interest rate rather than the percent.
interest rate = interest percent divided by 100.


interest percent per month = 5 / 12 = .416667
interest rate per month = .05 / 12 = .00416667