After reviewing the CPI inflation calculator at infiationdata.com, Hanna Lind realized the importance of creating...
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After reviewing the CPI inflation calculator at infiationdata.com, Hanna Lind realized the importance of creating an investment plon for her future. She would need $11,048.84 in 2018 to have the same purchasing power her $8,900 (stored in a fireproof safe in her home since 2000) had when she put it there. To protect her savings against further inflation and to help her prepare for a healthy financial future, Hanna deposits her $8,900 in an investment account in 2018 earning. 6% interest compounded quarterly. How much will Hanne have in her account in 2028 ? (Use the Toble provided) (Do not round intermedlate calculations. Round your answer to the nearest dollar amount.)
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