What would be the investment future value

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You are planning to invest $2,500 today for 3 years at a nominal interest rate of 9% with annual compounding

a. What would be the future value of your investment
b. Now assume that inflation is expected to be 3% / years, over the same 3 years period. What would be the investment's future value in terms of purchasing power?
c. What would be the investment ‘s future value in term of purchasing power if inflation occurs at 9% annual rate

 

Reference no: EM13285955

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