9514 1404 393
Answer:
$11,715.65
Explanation:
The applicable formula is ...
FV = P(1 +r/n)^(nt)
where principal P earns interest at rate r compounded n times per year for t years.
FV = $9500(1 +0.042/12)^(12·5) = $9500(1.0035^60) ≈ $11,715.65
The account will hold $11,715.65 after 5 years.