2. ABC Corporation plans to set aside $50,000 per year beginning 1 year from now for replacing equipment 6 years from now. What will be the purchasing power (in terms of current-value dollars) of the...

2. ABC Corporation plans to set aside $50,000 per year beginning 1 year from now
for replacing equipment 6 years from now. What will be the purchasing power (in
terms of current-value dollars) of the amount accumulated, if the investment grows
by 10% per year, but inflation averages 4% per year?