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 for and . 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  for  and  . 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  for  and  . 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