[tex]A=P(1+ \frac{r}{n})^{nt} [/tex]
A=future amount
P=present amount
r=rate in decimal
n=number of times per year compounded
t=time in years
A=?
P=1800
r=0.09
n=1
t=6
[tex]?=1800(1+ \frac{0.09}{1})^{(1)(6)} [/tex]
[tex]?=1800(1+0.09)^6 [/tex]
[tex]?=1800(1.09)^6 [/tex]
?=3018.78
answer is $3,018.78
