we have the formula for the total accumulated amount:
[tex]A=P(1+\frac{r}{m})^{mt}[/tex]where
P = $5000
r = 3.2% = 0.032
m = 12 month
t = 12 years
then solve
[tex]A=5000(1+\frac{0.032}{12})^{12\times12}=5000(1.467)=7336.98[/tex]Answer: A. $ 7336.98
