Lauren invests $6500 in some antique furniture with the idea of selling it in 3 years time.
a)if the furniture appreciates by 4.5% p.a., how much will her investment be worth in 3 years time?
b) if inflation averages 3.6% p.a. over the 3 years, and a local bank offers interest rates of 4.2% p.a. compound interest, calculated montly, discuss the wisdom of Lauren's investment. (back up your statements with workings)
cheers for the help!!