Don wants to accumulate $55,000 in today's dollar terms in the next 6 years. He expects to earn a return of 6.5% per year and inflation is expected to be 1.5%. How much should be the serial payment in the 1st year so that Don can achieve the target? $8223 $6830 $8101 $8346 How much should be the serial payment in the 5th year so that Don can achieve the target? $8858 $8727 $8471 $7321