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b You want to have $2.5 million in real dollars in an account when you retire in 30 years. The nominal return on your investment
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You want to have $2.5 million in real dollars in an account when you retire in 30 years. The nominal return on your investment is 10 percent and the inflation rate is 4 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice O $32,929.58 $15,198.12 Step by Step Solution
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