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12600\times 1.05\times 1.05\times 1.05\times 1.05
Multiply 12000 and 1.05 to get 12600.
13230\times 1.05\times 1.05\times 1.05
Multiply 12600 and 1.05 to get 13230.
13891.5\times 1.05\times 1.05
Multiply 13230 and 1.05 to get 13891.5.
14586.075\times 1.05
Multiply 13891.5 and 1.05 to get 14586.075.
15315.37875
Multiply 14586.075 and 1.05 to get 15315.37875.