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Suppose that you need to accumulate $10,000 in three years in todays dollars. What monthly amount...

Suppose that you need to accumulate $10,000 in three years in todays dollars. What monthly amount in nominal (actual) dollars should your save if your real rate of return is 5% and expected annual inflation rate is 3%?

A. $275.14

B. $246.14

C. $258.04

D. $268.96

E. $281.96

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