In: Finance
FV = the future value of money
PV = the present value = $5057
i = the interest rate or other return that can be
earned on the moneym = 4.27%
t = the number of years to take into consideration
= 9
n = the number of compounding periods of interest
per year = 4
FV = the future value of money
so the future value will be = 7411.53