Answer
$A=\$38,350$
Work Step by Step
The formula for the future value $A$ is:
$A=P(1+rt)$
where
P = principal amount borrowed
r = interest rate per year
t = time in years
Use the formula above to obtain:
$A=\$26000(1+9.5\%\cdot 5)
\\A=\$26000(1+0.095\cdot 5)
\\A=\$26000(1+0.475)
\\A=\$26000(1.475)
\\A=\$38,350$
