**Given t = 5 years**

V_{begin} = 20000 & CAGR = 11.84%

\(\because\) CAGR = \([(\frac{V_{final}}{V_{begin}})^{1/t}-1]\times100\)

⇒ 11.84 = \([(\frac{V_{final}}{20000})^{1/5}-1]\times100\)

⇒ 1 + 0.1184 = \((\frac{V_{final}}{20000})^{1/5}\)

⇒ \(\frac{V_{final}}{20000}\) = (1.1184)^{5} = 1.7498

⇒ V_{final} = 34996

**The end balance will be 34996.**