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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 $
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 $ today to have the same purchasing power her $stored in a fireproof safe in her home for years 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 $ in an investment account earning interest compounded quarterly. How much will Hanna have in her account in years?
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
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