Q9) Suppose that you are planning to retire in 15 years and wish to accumulate an amount which will enable you to spend $190,730 annually for 30 years in real terms. Assuming that the interest rate is 10% and the long run expected inflation rate is 5%, how much you should accumulate in 15 years?

Q9) Suppose that you are planning to retire in 15 years and wish to accumulate an amount which will enable you to spend $190,730 annually for 30 years in real terms. Assuming that the interest rate is 10% and the long run expected inflation rate is 5%, how much you should accumulate in 15 years