I need help figuring out how to find the answer to this question using the formula method and I really just need that broken down for me to understand.

If you invest $15,250 today, how much will you have in each of the following instances? UseAppendix Aas an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a.In 7 years at 9 percent?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

7 years at 9% is 1.828