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You want to have $3 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is

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You want to have $3 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 12 percent and the inflation rate is 6 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice $21,103.44 $3,91088 $22.158.61 $21,94758 $20,048.27

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