Question 84258
You just about got it right, but if you are rounding to the nearest dollar, it would really be $61032. But that is kinda nit-picky!
The equation is:
{{{V=P(1-r)^n}}}
{{{V=89000(1-0.09)^4}}}
{{{highlight(V=61031.71)}}}
Good Luck,
tutor_paul@yahoo.com