Question 1155439
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The future value A is<br>
{{{A = P(1+r)^n}}}<br>
where r is the periodic interest rate and n is the number of periods.<br>
The annual interest rate is 9% or .09; the periodic (monthly) interest rate is .09/12 = .0075.<br>
The 6 years of monthly periods means 6*12=72 periods.<br>
You want $500,000 at the end of 6 years:<br>
{{{500000 = P(1+.0075)^72}}}
{{{P = 500000/(1+.0075)^72}}}<br>
Use a calculator....<br>