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Business, 21.07.2021 17:20 Aj85537

You want to have $5 million in real dollars in an account when you retire in 20 years. The nominal return on your investment is 10 percent and the inflation rate is 3 percent.
What is the real amount you must deposit each year to achieve your goal?

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You want to have $5 million in real dollars in an account when you retire in 20 years. The nominal...

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