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Business, 05.11.2020 19:10 demetricejames

You want to have $5 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 4.4 percent. 1.) What real amount must you deposit each year to achieve your goal? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e. g., 32.16)) $Deposit Amount

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