Hi all, Can someone please answer this question. Please, list all steps. Thanks! Mr. Art Deco will be paid...

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Finance

Hi all,
Can someone please answer this question. Please, list all steps.Thanks!
Mr. Art Deco will bepaid $150,000 one year hence. This is a nominal flow, which hediscounts at a nominal discount rate of 8%.
PV = $150,000 / (1 +.08) = $138,889
The inflation rate is5%.

Calculate the PV ofMr. Deco’s payment using the equivalent real cash flow andreal discount rate. (You should get exactly the sameanswer as he did.) (Do not round intermediate calculations.Round your "Real cash flow" and "Present value" answers to thenearest whole dollar amount. Enter the "Real discount rate" as apercent rounded to 3 decimal places.)

Real cashflow $
Real discountrate %
Presentvalue $

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Hi all,Can someone please answer this question. Please, list all steps.Thanks!Mr. Art Deco will bepaid $150,000 one year hence. This is a nominal flow, which hediscounts at a nominal discount rate of 8%.PV = $150,000 / (1 +.08) = $138,889The inflation rate is5%. Calculate the PV ofMr. Deco’s payment using the equivalent real cash flow andreal discount rate. (You should get exactly the sameanswer as he did.) (Do not round intermediate calculations.Round your "Real cash flow" and "Present value" answers to thenearest whole dollar amount. Enter the "Real discount rate" as apercent rounded to 3 decimal places.) Real cashflow$Real discountrate%Presentvalue$