Respuesta :

sqdancefan

9514 1404 393

Answer:

  $313.37

Step-by-step explanation:

The compound interest formula is used to find that value.

  A = P(1 +r/12)^(12t)

P compounded monthly at annual rate r for t years.

  A = $200(1 +0.05/12)^(12·9) ≈ $313.37