Question
You want to have $6 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is
| You want to have $6 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 13 percent and the inflation rate is 5.1 percent. |
| What real amount must you deposit each year to achieve your goal? |
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Fundamentals Of Multinational Finance
Authors: Michael Moffett, Arthur Stonehill, David Eiteman
6th Edition
0134472136, 978-0134472133
