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You will deposit money into a bank account according to the following schedule:today$ 2 7 5 , 0 0 0 1 year from today$ 5

You will deposit money into a bank account according to the following schedule:today$275,0001year from today$56,0005years from today$44,25013years from today$24,90022years from today$120,400After 22 years from today, what will be the purchasing power of the money in your bank account, expressed in today's dollars? Your bank pays interest at 3.5000% compounded yearly and inflation is expected to be 1.8750% per year.

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