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# ·You are planning to invest $ 2,500 today for three years at a nominal interest rate 9 percent with

**· You are planning to invest $ 2,500 today for three years at a nominal interest rate 9 percent with**

annual compounding. What would be the future value of your investment?

· Now assume that inflation is expected to be 3 percent per year over the same three-year period.what would be the investment future value in terms of purchasing power?

· What would be the investment future value in terms of purchasing power if inflation occurs at a 9 percent annual rate?