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You aim to generate an annual income of $100,000in real terms for the next three years, with thefirst payment due one year from now. The

You aim to generate an annual income of $100,000 in real terms for the next three years, with thefirst payment due one year from now. The applicable nominal discount rate is 7%, and the expected annual inflation rate is 4% over the next four years. How much should you invest today to achieve this goal?


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