Answer:
$26,225
Step-by-step explanation:
First year: $3,125
Second year: $3,125 × 1.2 = $3,750
Third year: $3,750 × 1.2 = $4,500
Fourth year: $4,500 × 1.2 = $6,750
Fifth year: $6,750 × 1.2 = $8,100
Total:
$3,125 + $3,750 + $4,500 + $6,750 + $8,100 =
= $26,225