Exponential Functions · Exercise 37

Use the compound interest formula, $A\left(t\right)=P{\left(1+\frac{r}{n}\right)}^{nt}.$

After a certain number of years, the value of an investment account is represented by the equation $A=10,250{\left(1+\frac{0.04}{12}\right)}^{120}.$ What is the value of the account?

Its source prints no answer for this problem, so there's nothing to check against.

OpenStax, Algebra and Trigonometry 2e · §6.1 Exponential Functions · Exercise 37