Assume in 2009, an Investment of $2200 Was Made in a Bond

question 55

Multiple Choice

Assume in 2009, an investment of $2200 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 for and . Round your answer to the nearest cent.

• A) $4,333.20
• B) $2,356.97
• C) $3,664.11
• D) $2,215.21
• E) $3,647.48

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