Use the compound interest formula to determine what she will have in her account in three years:
A = P(1 + r/n)^nt
A (Amount)
P (Principal)
r (Interest rate)
n (Times per year the interest is compounded)
nt (time in years)
A = 12500(1 + 0.065/12)^3(12)
A = 12500(1.005)^3(12)
A = 12500(1.005)(^36)
A = 12500(1.20)
A = 15,000
Hope I helped :)
