a) Mr. Jackson invested $15000 into an account for 8 years at 3.8% interest compounded quarterly. Inflation over that time was 2% averaged per year. What is the value of his investment after 8 years?...

a) Mr. Jackson invested $15000 into an account for 8 years at 3.8% interest compounded quarterly. Inflation over that time was 2% averaged per year. What is the value of his investment after 8 years?

b) Find the real value of the investment by taking into account inflation over that time.

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