Answer :
FV = PV × (1+r)^n ; where FV = Future Value;
PV = Present Value;
r = annual interest rate;
n = number of periods;
FV = 1260 × 1.085^6 = 1260 × 1.63 ≈ 2054 ;
PV = Present Value;
r = annual interest rate;
n = number of periods;
FV = 1260 × 1.085^6 = 1260 × 1.63 ≈ 2054 ;