Question: signments > Ch 8: Homework Ch 8: Homework Assignment sent to Gradebook. Your grade is being recorded. Tue, Mar 24, 2020,4:09:20 PM (America/Indianapolis -04:00) Question

signments > Ch 8: Homework Ch 8: Homework Assignment sent to Gradebook. Your grade is being recorded. Tue, Mar 24, 2020,4:09:20 PM (America/Indianapolis -04:00) Question 35 View Policies Current Attempt in Progress Assume that inflation averages 3.50% over the next 20 years. If Donald invests $22000 in an exchange-traded fund within a tax-deferred account and that investment grows to $53500 at the end of 20 years, will he have maintained his purchasing power? No, because he should have closer to $44000 to keep pace with inflation Yes, because he only needed about $9500 to keep pace with inflation Yes, because the ETF is worth more than his original investment. It is hard to tell because there is not enough information to calculate the future value of his investment. e Textbook and Media Save for Later Attempts: 0 of 3 used Submit

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