Suppose you have $300,000 cash today and you can invest it to become worth $3,000 000 in 18 years. What is the present purchasing power equivalent of this $3,000,000 when the average inflation rate over the first eight years is 4% per year, and over the last ten years it will be 7% per year? Click the icon to view the interest and annuity table for discrete compounding when / 4% per you Click the icon to view the interest and annuity table for discrete compounding when 7% per you The present purchasing power equivalent is thousand (Round to two decimal places)