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1 pts You are managing an investment portfolio and sell an inflation protected annuity that pays $3,282 per month (in real terms) for 5 years,

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1 pts You are managing an investment portfolio and sell an "inflation protected" annuity that pays $3,282 per month (in real terms) for 5 years, starting next month. You forecast that inflation will be 0.14% per month over the 5 years. If you earn 4.54% APR (monthly compounding) nominal terms on your investments, how much do you need to invest today to fully fund the annuity? You plan to retire in 22 years. You would like to maintain your current level of consumption which is $57,156 per year. You will need to have 33 years of consumption during your retirement. You can earn 4.79% per year (nominal terms) on your investments. In addition, you expect inflation to be 2.82% inflation per year, from now and through your retirement How much do you have to invest each year, starting next year, for 8 years, in nominal terms to just cover your retirement needs

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