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Question 17 4 You need $60,000 in today's buying power, 5 years from now. You can earn 2% APR in real terms on your investments.

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Question 17 4 You need $60,000 in today's buying power, 5 years from now. You can earn 2% APR in real terms on your investments. How much must you invest (a different amount each year), starting next year for 4 years to just meet your needs, if you expect inflation to be 4% per year? The amount you invest should just maintain the real cash values Year 1 |Year 2 |Year 3 Mear 4 $15,882 $16,517 $17,178 $17,865 O Year 1 Year 2 Year 3 Year 4 $14843 $15,437 $16.054 $16,696 O Year 1 Year 2 Year 3 Year 4 $15,585 $16,208 $16,857 $17,531 |Year 1 |Year 2 |Year 3 |Year 4 $14,101 $14,665 $15.251 $15,861 Question 18 4 pts

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