Thank you for the opportunity to help you with your question!

the quarter interest rate is 5%/4 = 1.25%, and there are 4*5.5=22 quarter in 5.5 year, therefore the amount is

11000*(1+0.0125)^22 = 14457.17

Secure Information

Content will be erased after question is completed.

Enter the email address associated with your account, and we will email you a link to reset your password.

Forgot your password?

Sign Up