B) what is the buying power of his 2,250,000 in terms of base 40 years ago? $ _

C) If he could buy a tv 40 years ago for $250, what would a comparable one cost today if the consumer electronics inflation rate is -3%? $_

Padayappa has now retired after 40 years of employment. He just made an annual deposit to his investment portfolio and realized he has $2,250,000 (not counting home, cars, furniture, etc.). His money has been earning 7 percent per year, and inflation has been running 4 percent per year over the past 40 years. Parta What equal amount of money did he put into his investment at the end of each year? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 45. Attempts:0 of 3 used Submit Answer Save to late Part b The parts of this question must be completed in order. This part will be available when you complete the part above Parte The parts of this question must be completed in order. This part will be available when you complete the part above