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(11) Karim deposits $9,000 each year for 7 years into an account earning 5% per year. During this time Jill expects gene
Posted: Mon Jul 11, 2022 12:51 pm
by answerhappygod
- 11 Karim Deposits 9 000 Each Year For 7 Years Into An Account Earning 5 Per Year During This Time Jill Expects Gene 1 (17.6 KiB) Viewed 27 times
(11) Karim deposits $9,000 each year for 7 years into an account earning 5% per year. During this time Jill expects general inflation to be 3% per year. At the end of 7 years, what is the dollar value of Karim's account in terms of today's purchasing power (i.e., in real dollars)? (a) 84475 (b) 64273 (c) 59582 (d) 30863