question archive A professional golfer wants to invest $1,400 in her home town bank for one year
A professional golfer wants to invest $1,400 in her home town bank for one year
Subject:EconomicsPrice: Bought3
A professional golfer wants to invest $1,400 in her home town bank for one year. Currently, the bank is paying a rate of 3.6%, compounded annually. If expected annual inflation is 4.0% and the price of a golf ball is $8, how many golf balls she can by at the end of the year?
