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You would like to have the current equivalent in terms of today's buying power of $3,000 in years 7, 8, and 9. How much would
You would like to have the current equivalent in terms of today's buying power of $3,000 in years 7, 8, and 9. How much would you have to invest today (in nominal terms) to fund this level of real consumption? You expect inflation to be 4% per year over the time period. Your investments earn 7% per year in nominal terms. $8,505 $8,135 $5,446 O $7,171
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