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You would like to purchase an antique car in 10 years. The current price of such a car is $150,000 but the price of these

You would like to purchase an antique car in 10 years.

The current price of such a car is $150,000 but the price of these types of cars is rising at a rate of 2% per year.

How much would you have to invest today in nominal terms to exactly pay for the antique car if your investments earn 5% APR (compounded annually) in nominal terms?

$116,295

$182,849

$92,087

$112,254

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