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please answer Question 4 20 pts You need $50,000 in today's buying power 5 years from now. You can earn 3% APR in real terms
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Question 4 20 pts You need $50,000 in today's buying power 5 years from now. You can earn 3% APR in real terms on your investments. How much do you have to invest, in nominal terms (the same amount each year), starting next year for 4 years, to just meet your needs, if you expect inflation to be 4% per year? O $5,287 $12,768 O $6,885 o $10,783Step by Step Solution
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