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You would like to purchase a vacation home in 10 years. The current price of such a home is $275,000 but the price of these

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You would like to purchase a vacation home in 10 years. The current price of such a home is $275,000 but the price of these types of homes is rising at a rate of 3% per year. How much would you have to invest in years 1 to 5, (the same amount in each year) in nominal terms to exactly pay for the vacation home if your investments earn 7% APR (compounded annually) in nominal terms? O $46,737 $45,376 O $44,486 O $45,821

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