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You want to have $1.04 million in real dollars in an account when you retire in 38 years. The nominal return on your investment is

You want to have $1.04 million in real dollars in an account when you retire in 38 years. The nominal return on your investment is 8 percent and the inflation rate is 3.5 percent. What is the real amount you must deposit each year to achieve your goal?

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