Question 202380
The formula for compounded annual interest is A=P(1+r)^t, with A= final amount, P= principal initial deposit, r= interest rate as a percent, and t= time in years.

So, we know that P=1, r=.04, and t= 5. 

Substiuting in these values, we have A=1(1+.04)^5=

*[invoke explain_simplification "1(1+.04)^5" ]