Please provide all details

Question

Shana puts $25,000 in a education account on the day her daughter was born. If the account earned 6.75% 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

Amount = P*(1 + r/n) ^n*t 

Where:

A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for

 

A = 25000*(1 + 0.0675/4)^4*18

A = 25000*(1 + 0.016875)⁷²

Can you take it from here?