A new engineering graduate want to save money for down payment of a house. The engineering graduate want to save $45,000 over the next 3 years, with the provision that the amount must have the same purchasing power as $45,000 today. If the money can be invested at 8% per year and the inflation is assumed to be 2% per year, how much money the engineer needs to save each year to meet the goal of $45,000 after 3 year