Suppose that you need to accumulate $10 000 in three years in today's dollars. What monthly amount in nominal (actual)dollars should you save if your real rate of return is 5% and expected annual inflation rate is 3%?
A)$246.14
B)$258.04
C)$268.96
D)$275.14
E)$281.96

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The Answer of Suppose that you need to accumulate $10 000 in three years in today's dollars. What monthly amount in nominal (actual)dollars should you save if your real rate of return is 5% and expected annual inflation rate is 3%?
A)$246.14
B)$258.04
C)$268.96
D)$275.14
E)$281.96

Suppose That You Need to Accumulate $10 000 in Three