Answer
Year 1 total: $5830.00$
Year 2 total: $6179.80$
Year 3 total: $6550.59$
Year 4 total: $6943.62$
Work Step by Step
Year 1: $5500\times.06\times1 = 330$
add principal amount: $5830.00$
Year 2: $5830\times.06\times1 = 349.80$
add principal amount: $6179.80$
Year 3: $6179.80\times.06\times1 = 370.79$
add principal amount: $6550.59$
Year 4: $6550.59\times.06\times1 = 393.04$
add principal amount: $6943.62$
