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You want to have $2 million in real dollars in an account when you retire...

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Accounting

You want to have $2 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 8 percent and the inflation rate is 4.5 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice $24,491.39 $7,720.32 $25,715.96 $25,471.05 $23,266.82

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