Invest annually in real dollars to meet your retirement goal

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If today is your 35th birthday, and starting next year and on every birthday up to and including your 65th birthday.

Given $2,370,796.47 in real dollars, calculate the amount you must invest annually in real dollars to meet your retirement goal. Again assume 7% is the fair nominal rate and inflation is 3% per year (the real rate is 3.89%).

Reference no: EM131957367

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