Answer:
About $804.70
Step-by-step explanation:
So, for this you will need the formula: "A = B(1 + r)^t" It is + 1 since it is an increase.
B = Initial Value
r = rate
t = time
A = B(1 + r)^t
A = 523(1 + 0.09)^5
A = 523(1.09)^5
A = 523(1.5386239549)
A = 804.700328413
A ≈ 804.70
