Answer
$78,918
Step-by-step explanation
The formula for compound interest is
A = p(1+r)ⁿ
Where A⇒ Amount accumulated at the end of the period
P ⇒ Amount deposited (principle)
r⇒ Interest rate
n⇒ period
So,
A = 37,000(1 + 6/100)¹³
= 37,000(1+0.06)¹³
= 37,000(1.06)¹³
= 37,000 × 2.13292826
= 78,918.34563
Answer to the nearest dollar = $78,918