Eleven years ago, you deposited $3,200 into an account. Seven years ago, you added an additional $1,000 to this account. You earned 9.2 percent, compounded annually, for the first 4 years and 5.5 percent, compounded annually, for the last 7 years. How much money do you have in your account today

The money which the person have in account today amounts to $8,073.91

Explanation:

The amount of money which the person have in account today is computed as:

Future Value = {Present Value × (1+ Percent) ^ Number of years }+ {Present Value × (1+ Percent) ^ Number of years}

where

Present value is $3,200

Percent is 9.2%

Number of years is 4 years

Present value is $1,000

Percent is 5.5%

Number of years is 7 years

Putting the values above:

Future value = {$3,200 × (1+ 0.092) ^ 4 }+ {$1,000 × (1+ 0.055) ^ 7}

Future value = $8,073.91

answer; i believe the correct answer is (treasury bills);

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi