Question: *PLEASE NO EXCEL! ONLY FORMULAS!* 5. Alex invests $12,000 at the end of each year with Win Bank. Win Bank pays an annual effective interest

*PLEASE NO EXCEL! ONLY FORMULAS!* 5. Alex invests $12,000 at the

*PLEASE NO EXCEL! ONLY FORMULAS!*

5. Alex invests $12,000 at the end of each year with Win Bank. Win Bank pays an annual effective interest rate of 4%. At the end of each year, Alex withdraws the interest earned from Win Bank and reinvests it in the Triple Fund which pays an annual effective interest rate of 8.5%. Determine the total amount that Alex has at the end of 15 years

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