Your grandmother has promised to give you $10,000 when you graduate from Loyola in 3 years. If inflation is expected to be 3%, how much is that gift worth today? Reference the below formulas to answer your question: PV=FV/(1+r)tPVA=PMT(1((1+r)t)/r)FVA=PMT(((1+r)t)1)/r)FV=PV(1+r)tPVA=PMT(1(1+(r/12))t(12))/(r/12)FVA=PMT(((1+(r/12))t(12))1)/(r/12)