The investment will be 6314 after 9 years.
Formula to calculate the accumulated amount in t years:
, whereP= principal amount, r= rate of interest ( in decimal)
Given: P = $4,625
r= 3.52% = 0.0352
t= 9 years
Then, the accumulated amount after 9 years would be:
Hence, the investment will be 6314 after 9 years.