Using the tables presented in your reading material, find the maturity value of $1 at a compound interest rate of 9% over 4 periods.

Maturity value of 1 dollar with 9% interest rate over 4 periods.

=> 1 dollar *.09 = 0.0081 dollar

=> 1 dollar + 0.0081 dollar = 1.0081 dollars

2nd period

=> 1.0081 dollar *.09 = 0.090729 dollar

=> 1.0081 dollars + 0.090729 dollar = 1.098829 dollars

3rd period

=> 1.098829 *.09 = 0.09889461 dollars

=> 1.098829 + 0.09889461 dollars = 1.19772361 dollars

4th period

=> 1.19772361 dollars *.09 = 0.1077951249 dollars

=> 1.19772361 dollars + 0.1077951249 dollars = 1.3055187349 dollars or 1.31 dollars.