What real amount must you deposit each year to achieve goal

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Reference no: EM131323249

You want to have $4 million in real dollars in an account when you retire in 20 years. The nominal return on your investment is 14 percent and the inflation rate is 3.8 percent.

What real amount must you deposit each year to achieve your goal?

Reference no: EM131323249

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What real amount must you deposit each year to achieve goal : You want to have $4 million in real dollars in an account when you retire in 20 years. The nominal return on your investment is 14 percent and the inflation rate is 3.8 percent. What real amount must you deposit each year to achieve your goal?

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