Question $3$

What is the FV of $$1,000$ in $15$ years if it earns an annual rate of $9\mathrm{.}5\%$ monthly compounded?

$$4,375\mathrm{.}19$

$$4,177\mathrm{.}17$

$$4,134\mathrm{.}59$

$$4,089\mathrm{.}17$