Question: ? $ 1 3 , 0 0 0 is deposited into a well - run bond fund, which pays an annual yield of 5 .

?$13,000 is deposited into a well-run bond fund, which pays an annual yield of 5.4%. The verage inflation rate is 3.2%.
What is the (nominal) value after 9 years? Round down to the nearest penny.
How much real interest has been eamed after 9 years? Round to the nearest dollar.
?$13,000 is deposited into a well-run bond fund, which pays an

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