Question 1058658
I think the 1.25% is a compounded loss, so 
you would subtract it from the 5.5% in the
formula.
After the 1st yr:
{{{ A = 15000*( 1 + ( .055 - .0125 ))^1 }}}
{{{ A = 15000*1.0425^1 }}}
{{{ A = 15637.5 }}}
$15,637.50 after the 1st yr is in account
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After the 5th yr:
{{{ A = 15000*1.0425^5 }}}
{{{ A = 15000*1.23135 }}}
{{{ A = 18470.20 }}}
$18,470.20 after the 5th yr is in account 
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I'm not 100% sure -get another opinion if you can.