What is the real rate of return over period

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You want to have $1,000,000 in real (present-day) dollars in an account in 12 years. You believe that you can attain an annualized return of 6.9% on your investment and you assume that the inflation rate over the period will be 1.90%.

What lump-sum amount do you have to deposit now to achieve your goal?

Based on these assumptions, what is the real rate of return over this period

Reference no: EM133113636

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