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You want to have $1.5 million in real dollars in an account when you retire in 50 years. The nominal return on your investment is

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You want to have $1.5 million in real dollars in an account when you retire in 50 years. The nominal return on your investment is 14 percent and the inflation rate is 5 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice $2,140.61 $300.33 $2,247.64

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