Question

Principle=$745 rate= 9% time= 4years

Answer 1

Based on a yearly rate (which is the norm) I give you my answer ..

Your principle is at 745$
Annual Rate 9%

For the first year your principle will grow by 67.05 $ if untouched (9%) up to 812.05 $

2nd year .. 9% of the 812.05 $ is 73.0845 $ .. So by the 2nd year you reach 885.1345 $

3rd year .. 79.662105 $ .. Total 964.796605 $

4th year .. 86.83169445 $ .. Final 4 Years Total 1051.62829945 $