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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 13 percent and the inflation rate is 5 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice $8,531.47 $1,972.96 $8,958.04 $8,872.73 $8,104.90
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