The amount it will worth in 9 years is $137307.09
STEP - BY - STEP EXPLANATION
What to find?
The amount it worth in 9 years.
Given:
Iniial value (a) =$ 63, 220
rate (r) = 9% = 0.09
time(t) = 9
Using the formula below:
where y is the amount in 9 years.
Substitute the value and evaluate.
Hence, it will be $137307.09 worth in 9 years.