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

Question

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

Quizplus · Accepted Answer

The Answer of 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

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