Answer
$\approx{{\$}} 104,335$
Work Step by Step
The amount A after t years due to a principal P
invested at an annual interest rate r, expressed as a decimal,
compounded n times per year is $A=P\displaystyle \cdot(1+\frac{r}{n})^{nt}$
---
compounded $n=1$ times per year$,r=0.03, t=5, nt=5, P=90,000$
$A=90,000\displaystyle \cdot(1+\frac{0.03}{1})^{5}\approx{{\$}} 104,334.67$
$\approx{{\$}} 104,335$
