Question

How much will be in an account at the end of 2 years if 12,000 is invested at 5% compounded annually

Answer 1

X= 12,000(1+0.05)^2
X=12,000 (1.05)^2
X= 12,000 (1.1025)
X= 13,230

$13,230 should be the amount that is earned after two years with 5% compounded annually.

Answer 2

That would be
12,000(1.05)^2 = 13,230