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You want to have $4.5 million in real dollars in an account when you retire in 50 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 50 years. The nominal return on your investment is 11 percent and the inflation rate is 5 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice $17,035.26 $2,696.59 $17,88702 $17,716.67 $16,183.50

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