# 1. Suppose you deposit $1,039.00 into an account 4.00 years from today. Exactly 17.00 years from today the account is...

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## Question:

1. Suppose you deposit $1,039.00 into an account 4.00 years from today. Exactly 17.00 years from today the account is worth $1,571.00. What was the account's interest rate?

2. Assume the real rate of interest is 4.00% and the inflation rate is 3.00%. What is the value today of receiving 14,063.00 in 15.00 years?

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