Question
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 410,070.34
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 410,070.34 in 2018 to have the same purchasing power her 7,000 (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 7,000 in an investment account in 2018 earning 6% interest compounded quartley. How much will Hanna have in her account in 2028? (do not round intermediate calculations. Round your answer to the nearest dollar amount.)
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