Question: 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

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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