Question 1160257
formula to use is f = p * (1 + r) ^ n
f is the future value
p is the present value
r is the interest rate per time period.
n is the number of time periods.


in this problem, the formula becomes f = 20,000 * (1 + .05) ^ 5
solve for f to get:
f = 25,525.63125.


that's your solution.