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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
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 14 percent and the inflation rate is 6 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice $43.148.94 O O $12,612.57 $45,306.38 $44,874.89 O O $40,991.49
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