How much do you need to put into the account

Reference no: EM132140573

Question: If you want to have $500,000 in today's dollars in account after 10 years, how much do you need to put into this account today assuming 3% annual inflation and a 4% nominal annual bank rate compounded monthly? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132140573

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