Please helpHomework Answers
Total balance available=(1800+700)=$2500
We use the formula:
A=P(1+r/12)^12n
where
A=future value
P=present value
r=rate of interest
n=time period.
A=2500*(1+0.09/12)^(12*7)
=2500*1.87320196
=$4683.00(Approx).
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