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October 25, 2014

October 25, 2014

Posted by **Dave** on Sunday, January 27, 2013 at 7:38pm.

- MATH HELP -
**Henry**, Tuesday, January 29, 2013 at 7:32pmP = 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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