You want to have 2 million in real dollars in an account


You want to have $2 million in real dollars in an account when you retire in 50 years. The nominal return on your investment is 10 percent and the inflation rate is 6 percent. What real amount must you deposit each year to achieve your goal?

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Finance Basics: You want to have 2 million in real dollars in an account
Reference No:- TGS0601004

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