Question 1095034
The general formula is P=Po{1+r/n))^nt, where t is the number of years and n the number of compoundings per year, 1 in this instance. That makes the form P=Po{1+r)^5
This is 15000(1+.012)^5=$15,921.86, rounding at the end.
15000(1+0.001)^5=$15,075.15