This is homework finance word problem if someone can please assist with

Question

Rebecca put $34,000 in an education
account on the day her daughter was born.
If the account earned 5.95% interest
compounded quarterly, what was the total
in the account when her daughter turned
18? Round the final answer to the nearest
cent.

Answer 1

A = p(1 + r/n)^nt)

A = 34000(1 + 0.0595/4)⁴⁽¹⁸⁾

A = 34000(1 + 0.014875)⁷²

A = 34000(1.014875)⁷²

A = 34000(2.895368984)

A = 98,442.5454...