Real dollars and the average inflation rate is expected

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Frank wants to have $2,000,000 in his retirement account when he retires 30 years from now. If he expects a return of 8%, how much does he need to invest monthly? Same as (1), but now Frank wants to have $2,000,000 in real dollars and the average inflation rate is expected to be 3%.

Reference no: EM13850032

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