Help with Compound Interest Homework Problem

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The discussion revolves around calculating compound interest for a principal of $65,000 at a rate of 5.25% over 1.5 years, without specified compounding frequency. The relevant formulas for compound interest are shared, including A = P(1 + (r/n))^(nt) and A = P(1 + r)^t. The user attempts to calculate the interest but struggles to arrive at the expected answer of $5,185.36. Clarifications on the formulas and calculations are requested, particularly regarding the confusion in the problem statement. The conversation emphasizes the need for clear instructions on compounding frequency to accurately solve the problem.
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i have five problems on this on my econ test tomorrow. PLEASE HELP! I've looked in my book and can't find anything! thank you :)

Homework Statement


Calculate compound interest:
principal: 65,000
rate: 5.25%
time: 1.5 years

it doesn't say how long it's going to be compounded

Homework Equations


i found this one on wikipedia http://en.wikipedia.org/wiki/Compound_interest :
A = P(1 + (r/n)) ^ (nt)
where,
P = principal amount (initial investment)
r = annual interest rate (as a decimal)
n = number of times the interest is compounded per year
t = number of years
A = amount after time t

and then i found this one...

A = P(1 + r)^t
where,
r = annual interest rate
t = number of years
P = principal amount
A = amount after time t

The Attempt at a Solution


i REALLY tried to calculate this, but i can't get the answer which is supposed to be $5185.36

please help me! i'd reallyreallyreally appreciate it :D
 
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calculation is
65000*[(1+.0525)^1.5-1]

It is written confusingly
we have
A = P(1 + (r/n)) ^ (nt)
where,
P = principal amount (initial investment)
r = annual interest rate (as a decimal)
n = number of times the interest is compounded per year
t = number of years
A = amount after time t
A = P(1 + (r/n)) ^ (nt)
I = P[(1 + (r/n)) ^ (nt)-1]
I is the interest and
A=I+P
where,
P = 65000
r = .0525
n = 1
t = 1.5
A = 65000*[(1+.0525)^1.5]
I = 65000*[(1+.0525)^1.5-1]
 

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