You would like to have the current equivalent of 400000 in, Ask an Expert

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You would like to have the current equivalent of $400,000 in 3 years.

Your investments earn 6.00% APR compounded annually.

You expect that inflation over the 3 years will average 4.00% per year.

How much would you have to invest per year, for three years, starting in 1 year (the same amount in each year) in REAL terms to be able to have just enough in 3 years to have $400,000 in real terms?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92801172

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