We can use the formula for compound interest:
FV = PV * (1 + r/n)^(n*t)
Where:
FV = Future Value
PV = Present Value
r = interest rate
n = number of compounding periods per year
t = number of years
In this case, PV = $7,436, r = 5.1% = 0.051, n = 12 (compounded
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