\(A=P(1+ \frac{r}{n})^{tr}\)
a=future amount
p=present amount
r=rate in decimal
n=number off time per year compouonded
t=time in years
P=45,050
r=0.07001
n=4
t=1.25
\(A=45,050(1+ \frac{0.07001}{4})^{(1.25)(4)}\)
\(A=45,050(1+ 0.0175025)^{5}\)
\(A=45,050(1.0175025)^{5}\)
A=49132.8798
round
A=$49,132.88
