[tex]~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$480\\ r=rate\to 9\%\to \frac{9}{100}\dotfill &0.09\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{monthly, thus twelve} \end{array}\dotfill &12\\ t=years\dotfill &7 \end{cases} \\\\\\ A=480\left(1+\frac{0.09}{12}\right)^{12\cdot 7}\implies A=480(1.0075)^{84}\implies A\approx 899.14[/tex]
