Please help! Medal and fan

For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t $5000 for 5 years at 3.2%

A. $5160.00
B. $5852.86
C. $20,037.32
D. $25,800.00

Question

Please help! Medal and fan 

For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t $5000 for 5 years at 3.2% 

A. $5160.00 
B. $5852.86 
C. $20,037.32 
D. $25,800.00

anonymous · Answer

5000(1+.032)5

anonymous · Answer

P is principal...the amount you start with
t is time in years
r is the interest rate converted to a decimal

anonymous · Answer

What am I  supposed to do though..?

anonymous · Answer

You don't know how to punch lurrch's numbers into your calculator?
Type 5000 x (1.032)^5 enter

anonymous · Answer

1+r, x P x t

anonymous · Answer

actually you don't need the ()

anonymous · Answer

Or instead of "^", i guess most calculators have a key that looks like|dw:1394671956146:dw|