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Formula
[tex]\begin{gathered} A\text{ = P(1 + }\frac{r}{n})^{nt} \\ \end{gathered}[/tex]P = 1200
r = 0.05
n = 12
t = 7
Substitution
[tex]\text{ A = 1200(1 + }\frac{0.05}{12})^{12(7)}[/tex]Simplification
[tex]\text{ A = 1200(1.0042)}^{84}[/tex]Result
[tex]\text{ A = 1706.39}[/tex]Maddie will have $1706.39
