Valuation
Saved
You want to have $1.5 million in real dollars in an account when you retire i...
Mathematics, 19.09.2020 01:01 jamaiciaw6
Valuation
Saved
You want to have $1.5 million in real dollars in an account when you retire in 40 years.
The nominal return on your investment is 12 percent and the inflation rate is 5.5 percent.
What real amount must you deposit each year to achieve your goal? (Do not round your
intermediate calculations.)
Multiple Choice
$9,306.8
$1,955,44
$9,772.14
$9,679.07
Answers: 1
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