Answer:
Present Value = $413.99
Interest rate = 4.25%
Years = 8.5 years
Future value = P(1+I)^n
Future value = $413.99*(1+0.425)^8.5
Future value = $413.99*(1.0425)^8.5
Future value = $413.99*1.4244478
Future value = $589.707144722
Future value = $589.71
The total amount to be earned as a result of the investment for 8.5 years is $589.71.
