$3.$ You have won a contest and will receive cash flows of $$2,500$ a year in real terms for the next $3$ years. Each payment will be received at the end of the period with the first payment occurring one year from today. The relevant nominal discount rate is $6\mathrm{.}3$ percent and the inflation rate is $4\mathrm{.}5$ percent. What are your winnings worth today? What are the actual cash flows that you will receive $($i$.$e$.,$ nominal cash flows$)?$What are your nominal cash flows worth today?