Question $7$

$2$ pts

$4$ years from today, $$4,000$ will be deposited into an account that pays $9\%$ interest. What will be the account balance $16$ years from today?

Answer Format: Enter your answer as a number rounded to $2$ decimal places.

An answer of $23\mathrm{.}456$ would be entered as $23\mathrm{.}46.$

$1$

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Question $8$

$2$ pts

An investment earned $12\mathrm{.}19\%$ per year. If inflation was $5\mathrm{.}37\%,$ what is the real rate of return?

Answer Format: Enter your answer as a percentage rounded to $2$ decimal places. An answer of $23\mathrm{.}456$ would be rounded to $23\mathrm{.}46$

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