Mathematics, 11.10.2020 14:01 brainbean

Farah invests 12 000 USD for five years in an account with a 4.5% annual interest rate compounded annually. If the average yearly rate of inflation during that time is 2.2%, what is the real value of the
investment at the end of the five years? Give your answer to three significant figures.

Answers: 3

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Farah invests 12 000 USD for five years in an account with a 4.5% annual interest rate compounded annually. If the average yearly rate of inflation during that time is 2.2%, what is the real value of the investment at the end of the five years? Give your answer to three significant figures.

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Another question on Mathematics

Farah invests 12 000 USD for five years in an account with a 4.5% annual interest rate compounded annually. If the average yearly rate of inflation during that time is 2.2%, what is the real value of the
investment at the end of the five years? Give your answer to three significant figures.