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Isabella invests $8000 for 3 years in an account that pays interest at a rate of 4% p.a. compounded quarterly. If inflation averages 1.9% per year during those three years, find…

Isabella invests $8000 for 3 years in an account that pays interest at a rate of 4% p.a. compounded quarterly. If inflation averages 1.9% per year during those three years, find…
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Isabella invests $8000 for 3 years in an account that pays interest at a rate of 4% p.a. compounded quarterly. If inflation averages 1.9% per year during those three years, find the real value of Isabella’s investment.

User Boogz
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2 Answers

5 votes
The correct answer is 5
User KSA
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7.8k points
3 votes

Answer:

5

Explanation:

User PlausibleSarge
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