Answer:
$2647.18
Explanation:
Formula :
![A[(1+((r)/(n))^(n)-1 )/(((r)/(n) ))]](https://img.qammunity.org/2021/formulas/mathematics/college/a9huw7bwv3fxi9u93zqa788y4kx1fk73sd.png)
Future value = $43,000
r = rate of interest = 9% = 0.09
t = 3.5 years (compounded quarterly)
n = number of compounding (3.5 × 4) = 14
Now put the values into formula :
43000 =
![A[(1+((0.09)/(4))^(14)-1 )/(((0.09)/(4) ))]](https://img.qammunity.org/2021/formulas/mathematics/college/fzao6dds072kvd78yq7p7quvweurcdr72n.png)


43000=A(

43,000 = A(16.243708)
A =

A = $2,647.17883 ≈ $2647.18