Question 860058
Principal P =	x												
Amount=	8500												
years=n	12												
compounded	1	times a year											
Rate =	9.00			0.090									
Amount =	P*((n+r)/n)^n												
													
8500	=	x	*(	1	+	r/n	)^	n					
													
													
8500	=	P	(	1	+	0.090	/	1	)	^	1	*	12
													
8500	=	P(	1.09000	)^	12								
													
8500	/(	1.09	)^	12	=	P							
													
P=	$3022.05