To find the future value the formula is A=p e^rt A future value? P present value 8906.54 R interest rate 0.06 T time 9 years E constant A=8,906.54×e^(0.06×9) A=15,283.68
To find the interest earned the formula is I=A-p I=15,283.68−8,906.54 I=6,377.14
