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You want to have $2 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is
You want to have $2 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 8 percent and the Inflation rate is 2.5 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice O $15,134.53 O $7.720.32 $15.891.25 O $15.739.91 0 $14.377.80
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