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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
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 13 percent and the inflation rate is 5 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice $37,856.10 $13,642.60 $39,748.90 $39,370.34 $35,963.29
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