Bingo Binks 's portfolio earned an 8 average compound annual return over an 8 year period The average compound annual inflation rate during this period was 4 Bingo 's portfolio was worth $15,000 at the beginning of the period At the end of the period, what was the portfolio worth, expressed in begi...

If Bingos portfolio grew at an 8 compound annual rate then over the eight ...

Bingo Binks's portfolio earned an 8% average compound annual return over an 8-year period. The average compound

Question:

Bingo Binks's earned an 8% average compound annual return over an 8-year period. The average compound annual inflation rate during this period was 4%. Bingo's was worth $15,000 at the beginning of the period. At the end of the period, what was the worth, expressed in beginning-of-period dollars?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...