You invest $7,000 in an ASX200-tracking ETF today. In 18 years, your portfolio grows to be...
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You invest $7,000 in an ASX200-tracking ETF today. In 18 years, your portfolio grows to be worth $11,200. If inflation averaged 4% per year, how much more can you purchase in 18 years compared to what you could have purchased today with $7,000? Please give your answer as a percentage. You invest $7,000 in an ASX200-tracking ETF today. In 18 years, your portfolio grows to be worth $11,200. If inflation averaged 4% per year, how much more can you purchase in 18 years compared to what you could have purchased today with $7,000? Please give your answer as a percentage.
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To calculate the inflationadjusted value of 7000 in 18 years we can use the formula Inflationadjuste... View the full answer
Related Book For
Financial Analysis with Microsoft Excel
ISBN: 978-1285432274
7th edition
Authors: Timothy R. Mayes, Todd M. Shank
Posted Date:
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