Multiple Choice
A person invests $2000 today in a fund earning interest at j1 = 6%.If the rate of inflation is 2.1% in the first year and 3.0% in the second year,how much is the investment worth,in real terms (after taking account of inflation) ,at the end of two years?
A) $2131.30
B) $2136.87
C) $2138.15
D) $2140.34
Correct Answer:
Verified
Correct Answer:
Verified
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