SOLUTION: $8,600 is invested for 5 months at 9% per year what is the future value

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Question 318463: $8,600 is invested for 5 months at 9% per year what is the future value
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
I= p*r*t
p= 8600
r=9% ( 0.09)
t=5/12 years
..
I= 8600 *0.09 *5/12
I=322.5
Future value = $8600+322.5 = $8922.50