Answer
$A=\$9,387.97$
Work Step by Step
RECALL:
The formula for the future value $A$ is:
$A=P(1+rt)$
where
P=principal amount borrowed
r = interest rate per year
t = time in years
Use the formula above to obtain:
$A=\$9000(1+6.5\%\cdot \frac{8}{12})
\\A=\$9000(1+0.065\cdot \frac{2}{3})
\\A=\$9000(1+0.04\overline{3})
\\A=\$9000(1.04\overline{3})
\\A=\$9,387.97$
