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You want to have $4 million in real dollars in an account when you retire in 50 years. The nominal return on your investment is
You want to have $4 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 6 percent. What real amount must you deposit each year to achieve your goal? (Do not round your intermediate calculations.) O $37279.2 O $4,907.47 O $39143.16 $38,770.37 $35,415.24
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