Question 1013070
If your money is compounded monthly, you can calculate it using the formula:
{{{A(t) = P(1 + (r/n))^nt}}}
{{{A(2) = 12000(1 + .055/12)^(12*2)}}}
{{{A(2) = 12000(1.004583)^24}}}
which yields a balance of
$13391.86