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Carli invests $3000 in a GIC that pays 4.5% interest per year compounded monthly. How much money will she have in 4years? Using compound interest

Carli invests $3000 in a GIC that pays 4.5% interest per year compounded monthly. How much money will she have in 4years?

Using compound interest formula [A=P(1+i)^n], to get the interest rate per period, I divided 4.5 by 12 and got 0.375. Does it end here or do I have to divide it by 100?

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