Answer:
$7,925.53
Step-by-step explanation:
We'll have to use the compound interest formula: A = P(1 + r/n)ⁿˣ
A = final amount (?)
P = starting amount (5700)
r = rate
n = times applied (12 since its monthly and there 12 months in a year)
x = years (12)
A = 5700(1 + 0.0275/12)¹⁴⁴
A = 7925.525498629932
