How does inflation affect investments?

Rising inflation erodes the purchasing power of a bond's future (fixed) coupon income, reducing the present value of its future fixed cash flows. Accelerating inflation is even more detrimental to longer-term bonds, given the cumulative impact of lower purchasing power for cash flows received far in the future

Explanation:

The correct option is "Pensacola"

Founded in 1698 by Spain, under the rule of Governor Andrés de Arriola, although the Spanish presence began in the sixteenth century: in 1559 Tristán de Luna y Arellano founds in the bay of Pensacola the Villa de Santa María, destroyed shortly after by a hurricane. It is considered the first Spanish settlement, as such, in the United States. In 1698, in its vicinity the Spaniards built the fort of San Carlos de Austria, which is almost destroyed during the Spanish-French colonial war of 1719/20. In 1722 a hurricane destroys Pensacola, reason why the French abandon it and burn the presidio of Santa Maria de Galve before leaving. The Spaniards return and found the prison on the island of Santa Rosa, called Santa Rosa de Pensacola. The English incursionaron in 1763 getting established. During the war of Independence of the United States it was reoccupied by the Spaniards.