Question 1202843
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<pre>

After 1 year, in the year 2011, the accrued value will be 13000*(1+0.055) = 13715.

After 2 year, in the year 2012, the accrued value will be {{{13000*(1+0.055)^2}}} = 14469.33.

After 3 year, in the year 2013, the accrued value will be {{{13000*(1+0.055)^3}}} = 15265.14.


. . . . and so on . . . . 


After 18 year, in the year 2028, the accrued value will be {{{13000*(1+0.055)^18}}} = 34079.06.    <U>ANSWER</U>
</pre>

Solved, with explanations.


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To see many other similar &nbsp;(and different) &nbsp;solved problems on compounded interest accounts, &nbsp;look into the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compounded interest percentage problems</A> 

in this site.


Learn the subject from there.