Evaluate 1000(1+0.05/12)^12

$1000 {(1 + \frac{0.05}{12})}^{12}$

Divide $0.05$ by $12$ .

$1000 {(1 + 0.0041\overline{6})}^{12}$

Add $1$ and $0.0041\overline{6}$ .

$1000 \cdot {1.0041\overline{6}}^{12}$

Raise $1.0041\overline{6}$ to the power of $12$ .

$1000 \cdot 1.05116189$

Multiply $1000$ by $1.05116189$ .

$1051.16189788$

Evaluate 1000(1+0.05/12)^12

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