Math problem on the homework

Question

Alyssa opened a retirement account with 7.25% APR in the year 2000. Her initial deposit was $13,500. How much will the account be worth in 2025 if interest compounds monthly? How much more would she make if interest compounded continuously?

Answer 1

A=13,500(1+.0725/12)^12(25)

=13500(1.006041666...)^480

=about $243,219.52

in 25 years

at 7.25%

compounded monthly