Mathematics, 06.02.2021 14:00 mzbugsbunny3029
Richard sold his car for $7500. He invested the money
in an account paying 3.7% p. a. interest compounded
quarterly for 8 years. Inflation averaged 3.1% per year
over this period.
a Find the future value of Richard's investment.
b Find the real value of Richard's investment.
PLS HELPPP
Answers: 1
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Answers: 1
Richard sold his car for $7500. He invested the money
in an account paying 3.7% p. a. interest comp...
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