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13\left(1+0.04\right)^{1}
Anything divided by one gives itself.
13\times 1.04^{1}
Add 1 and 0.04 to get 1.04.
13\times 1.04
Calculate 1.04 to the power of 1 and get 1.04.
13.52
Multiply 13 and 1.04 to get 13.52.