Question

Please reference the photo below

Answer 1

1824

Explanation:

200 x (1 + 0.325%)^9 - 1 / 0.325%

200 x (1 + 0.00325)^9 - 1 / 0.00325

200 x 1.00325^9 - 1 / 13/4000

200 x (4013 / 4000)^9 - 1 / 13/4000

200 x 4013^9 / 4000^9 - 1 / 13/4000

200 x 4013^9 - 4000^9 / 4000^9 / 13/4000

200 x 4013^9 - 4000^9 / 13 - 4000^8

4013^9 - 4000^9 / 13 x 20 x 4000^8

4013^9 - 4000^9 / 260 x 4000^8

1823.5

1824