Posted by Dave on Sunday, January 27, 2013 at 7:38pm.
P = Po(1+r)^n.
r = 0.09 = APR expressed as a decimal.
n = 1Comp./yr * 9yes = 9 Compounding periods.
Plug the above values into the given Eq
and solve for P.
Answer: P = $2171.89
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