Question 1171327
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{{{A = P(1+(r/n))^(n*t)}}}<br>
P is the initial principal ($12,000)
A is the amount at the end of the given time
r is the (annual) percentage rate (7%, i.e., 0.07)
n is the number of compounding periods per year (4, since the compounding is quarterly)
t is the time in years (9)<br>
Plug in the numbers and use a calculator....<br>