Answer
$1277.07
Work Step by Step
The formula is:A=P(1+$\frac{r}{n}$$)^{nt}$
P=775 which is the start amount
R=0.0425 which is the rate(4.25%) in decimal
N=1 because it is the number of times compounded per year.
T=12 which is the time.
Substitute:
A=775(1+$\frac{0.0425}{1}$$)^{1(12)}$
A=775(1.65)
A=1277.07
There would be about $1277.07 after 12 years.
