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Required information To retire at a decent age and move to Hawaii, an engineer plans to trust her account to an investment firm that promises
Required information To retire at a decent age and move to Hawaii, an engineer plans to trust her account to an investment firm that promises to make a real ROR of 10% per year. after commissions and fees. Inflation has a historic rate of 4% per year and the account balance is currently $480,000. NOTE: This is a multi~part question. Once an answer is submitted. you will be unable to return to this part. To retire in 12 years with no further deposits. determine the account balance in (future) dollars to realize a real 10% per year return. The account balance in (future) dollars to realize a real 10% per year return Is $ [:j
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