Jamari invests $50,000 in a bond over 8 years. Inflation averages 2% per year during this period. What will the present value of the $50,000 investment be at the end of 8 years? Use this formula to calculate the present value while accounting for inflation: present value is equal to the fraction with numerator future value and denominator open paren 1 plus annual inflation rate close paren to the number of years th power