5. 29. Real cash flows [LO 7.4] You want to have $2.5 million in real dollars in...
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5. 29. Real cash flows [LO 7.4] You want to have $2.5 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 10.3 per cent and the inflation rate is 3.7 per cent. What real amount must you deposit each year to achieve your goal?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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