Question: You would like to have the current equivalent in terms of today's buying power of $5,000 in years 8 9 and 10 How much would

You would like to have the current equivalent in terms of today's buying power of $5,000 in years 8 9 and 10 How much would you have to invest in years 1, 2 and 3 (the same amount in each year in nominal terms) to fund this level of real consumption? You expect inflation to be 4% per year over that time period. Your investments earn 9% per year in nominal terms.

$3,809

$2,735

$3,886

$3,964

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