Y5

You recently mborited a long lost savings account that had a single deposit 22 your ago. The account hav earned 7% interest and inflation has averaged 4% per year The bank statement you received say 560.705 is in the account as of today A What real interest rate did the account experience? How much money was departed 27 year ago? C. How much is in the account In tern of the purchasing power of 22 years ago? As your answer, submit the value you get from (B - C)A for example, if you found A - 2 43%, B - 4,613, and C = 9,356, your answer should ba (4613-9156) . 243 - 11,52549 Note! You may need the | |" or PIF formulas for this