I need help in solving A= 15,000(1 0.0455/12) to the 12*1 it has the answer as 15696.91

timer Asked: Feb 1st, 2015

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I need help in solving A= 15,000(1 +0.0455/12)  to the 12*1 it has the answer as 15696.91 and I dont understand how they arrived at that figure...I know P= 15000 and I understand r=4.55/100=0.0455  and it shows A=15000(1+0.0455/1) to the 12*1 power but how did they get the answer 15698.22

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