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You want to have $4.5 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 $4.5 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 $112,904.89 $39,723.45 $118,550.13

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