Lux Investing - how do you Find the value of $950 invested at 4.5% with interest compounded monthly for 5 years.?

how do you Find the value of $950 invested at 4.5% with interest compounded monthly for 5 years.?

Find the value of $950 invested at 4.5% with interest compounded monthly for 5 years. I think you use this formula A =Pe^rt

http://www.bankrate.com/brm/calc/cdc/CertDeposit.asp $1189
heres a formula: A=P(1 + r/n)^ nt P is the amount so $950 r is the annual interest rate which is 4.5% n is the number of compoundings per year so you want monthly so that is 12 and then t is the number of years so 5 then plug it in and waaala! your answer =]
Value = $950 * (1+.045/12)^60 Value equals principal times the quantity (one plus one-twelfth the annual interest rate) raised to the power of the number of months.
....for 2 points ^^.... A = value P = principal e = what'll happen w/ principal after 1 period(interest compound), in this case it'll be (the principal itself + interest) in percent r = number of compounding per year, yearly=1, monthly=12, daily(??)=365, etc.. t = time (in years) P = $950 interest = 4.5% (per year) = (4,5/12) % per month __because the interest compounded monthly so the interest must be divide per month e = 100% + (4,5/12)% = 1+ 0.00375 = 1.00375 r = 12 t = 5 then plug it in. ....done! hope this not wrong..