Business, 20.07.2020 23:01 mujithkalhan2762

After reviewing the CPI inflation calculator at inflationdata. com, Hanna Lind realized the importance of creating an investment plan for her future. She would need $9,949.00 in 2015 to have the same purchasing power her $7,500 (stored in a fireproof safe in her home since 2010) 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 $7,500 in an investment account in 2015 earning 6% interest compounded quarterly. How much will Hanna have in her account in 2025?

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