You plan to retire in 22 years. You would like to maintain your current level of consumption which is $57,156 per year. You will need to have 33 years of consumption during your retirement. You can earn 4.79% per year (nominal terms) on your investments. In addition, you expect inflation to be 2.82% inflation per year, from now and through your retirement. How much do you have to invest each year, starting next year, for 8 years, in nominal terms to just cover your retirement needs? You are managing an investment portfolio and sell an "inflation protected" annuity that pays $3,282 per month (in real terms) for 5 years, starting next month. You forecast that inflation will be 0.14% per month over the 5 years. If you eam 4.54% APR (monthly compounding) nominal terms on your investments, how much do you need to invest today to fully fund the annuity? Question 6 1 pts The average price of a compact car in 2018 is $23,574. If inflation on compact cars is 4.2% per year, how much will a compact car cost in 2023