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13000\left(1+0.04\right)^{1}
Anything divided by one gives itself.
13000\times 1.04^{1}
Add 1 and 0.04 to get 1.04.
13000\times 1.04
Calculate 1.04 to the power of 1 and get 1.04.
13520
Multiply 13000 and 1.04 to get 13520.