SOLUTION: Wanita deposits $8,320 at 1.25% interest quarterly find the amount after 1 year?

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Question 1132510: Wanita deposits $8,320 at 1.25% interest quarterly find the amount after 1 year?
Answer by MathLover1(20849) About Me  (Show Source):
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Wanita deposits $8320 at 1.25%=0.0125 interest quarterly find the amount after 1 year?

A=P%281%2Br%2Fn%29%5E%28nt%29
given:
n=4+
r=0.0125
P=8320
t=1
A=8320%281%2B0.0125%2F4%29%5E%284%2A1%29
A=8320%281%2B0.003125%29%5E4
A=8320%281.003125%29%5E4
A=8320%2A1.01255871
A=8424.4884672
A=8424.49