Question 1201069

r = R/100
r = 2.75/100
r = 0.0275 rate per year

Amount A = P(1 + r/n)nt

A = 5,000.00(1 + 0.0275/12)^((12)(6.5))

A = 5,000.00(1 + 0.0023)^(78)

A=$5981