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You want to have $ 4 million in real dollars in an account when you retire in 3 0 years. The nominal return on your

You want to have $4 million in real dollars in an account when you retire in 30 years. The
nominal return on your investment is 8 percent and the inflation rate is 6 percent. What
real amount must you deposit each year to achieve your goal?
Multiple Choice
$100,359.90
$35,309.73
$105,377.89
$104,374.29
$95,341.90
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