I'll give 30 points, brainliest, 5 stars and thank you.
1) Gen invests $2400 in a saving...
Mathematics, 24.05.2020 09:58 skylarrrrr7663
I'll give 30 points, brainliest, 5 stars and thank you.
1) Gen invests $2400 in a savings account that pays interest at a rate of 4% per year, compounded annually. She leaves the money in her account for 10 years, and she does not invest or withdraw any money during this time.
a) calculate the value of her savings after 10 years.
The rate of inflation during this 10 year period is 1.5% per year.
b) calculate the real value of her savings after 10 years.
Answers: 3
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