I have a question about vectors and Eulers # in R Studio. My question is:

I need to calculate the amount collected at the end of the year if interest is paid monthly on a $1.00 investment? I'm supposed to create an equation to solve this, which I already know Euler's number is (1 + 1/n) ^n. I'm thinking the equation would be (1 +1/12) ^ 12. I just feel like that is too easy and we are learning about scalers and vectors right now.