Here we will use the following formula:
FV = PV * (1 + r%)n
where, FV = Future value, PV = Present value = $6874, r = rate of interest = 4.7%, n= time period = 9
now, putting theses values in the above equation, we get,
FV = 6874 * (1 + 4.7%)9
FV = 6874 * (1 + 0.047)9
FV = 6874 * (1.047)9
FV = 6874 * 1.511889
FV = 10393
So, she will have 10393 after 9 years.
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