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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

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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 11 percent and the inflation rate is 4.9 percent. What real amount must you deposit each year to achieve your goal? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Deposit amount $ 221,261.65

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