Assume in 2009, an investment of $2400 was made in a bond earning 9% compounded annually.Assume that the buyer pays at rate R and the annual rate of inflation is I.
Suppose in the year 2019, the value V of the investment in constant 2009 dollars is Calculate the function Round
Your answer to the nearest cent.
A)$5,148.94
B)$3,319.05
C)$2,493.01
D)$2,479.09
E)$4,219.43

Question

Assume in 2009, an investment of $2400 was made in a bond earning 9% compounded annually.Assume that the buyer pays at rate R and the annual rate of inflation is I.
Suppose in the year 2019, the value V of the investment in constant 2009 dollars is  Calculate the function  Round
Your answer to the nearest cent.
A)$5,148.94 
B)$3,319.05 
C)$2,493.01 
D)$2,479.09 
E)$4,219.43

Quizplus · Accepted Answer

The Answer of Assume in 2009, an investment of $2400 was made in a bond earning 9% compounded annually.Assume that the buyer pays at rate R and the annual rate of inflation is I.
Suppose in the year 2019, the value V of the investment in constant 2009 dollars is  Calculate the function  Round
Your answer to the nearest cent.
A)$5,148.94 
B)$3,319.05 
C)$2,493.01 
D)$2,479.09 
E)$4,219.43

Assume in 2009, an Investment of $2400 Was Made in a Bond