Answer:
FV= $1661
Step-by-step explanation:
Giving the following information we need to calculate the money at the final:
PV= $1000
i=0,058
n=9 years.
We need to use the following formula:
FV= PV*[(1+i)^n]
In this exercise:
FV= 1000*[(1+0,058)^9]
FV= $1661
At the end of year 9, she will have $1661