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You want to have $3.5 million in real dollars in an account when you retire in 50 years. The nominal return on your investment is
You want to have $3.5 million in real dollars in an account when you retire in 50 years. The nominal return on your investment is 9 percent and the inflation rate is 5.5 percent. What real amount must you deposit each year to achieve your goal? (Do not round your intermediate calculations.)
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